ASTERA LABS INC (ALAB) Stock Technical Analysis
NASDAQ:ALAB - Nasdaq - US04626A1034 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ALAB. ALAB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
ALAB is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 89% of 110 stocks in the same industry.
ALAB has an average volume of 4003300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ALAB is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ALAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALAB is lagging the market.
In the last month ALAB has a been trading in the 87.27 - 100.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALAB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 95.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 89.73, a Stop Loss order could be placed below this zone.
More info and screens
54.03
98.52
3 important support areas can be observed.
- A support zone ranging from 89.73 to 89.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 57.68 to 58.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.58 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 95.31 to 95.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @97.54 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ALAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALAB is up. |
| ChartMill Relative Strength | 93.97 | POSITIVE | ALAB has a high relative strength, it outperformed 93.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.23 | NEUTRAL | The RSI value for ALAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.02 | NEGATIVE | The MACD value suggests ALAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.22 | NEUTRAL | The Stochastics value for ALAB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for ALAB suggests high volalility. |
| Average Directional Index/ADX (14) | 22.05 | NEUTRAL | The ADX value for ALAB suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 95.89 | 89.72 | 6.17 (6.43%) | 15.54% |
| An entry @95.89. This is a Buy Stop order right above the resistance zone. | An exit @89.72. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.17 points, which is 6.43%. | When investing 15.54% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ALAB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
95.3
+5.57 (+6.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg6.21%
1 Week3.19%
2 Weeks2.56%
1 Month5.23%
3 Month34.04%
6 Month-27.9%
12 Month61.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.01
ATR(20)%5.29%
ATR Inc42.45%
Range Today6.7
ADR(20)4.72
ADR(20)%4.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.97
Mansfield1.65
10 Day High98.24
10 Day Low88.59
20 Day High100.19
20 Day Low87.27
52 Week High147.39
52 Week Low36.22
CS1 End89.73
CR1 Start95.31
Volume & EV
DER(3)0.38%
DER(5)0.83%
Volume3.18M
Volume Incr-26.41%
Vol(5)3.32M
Vol(50)4.00M