ALBIREO PHARMA INC (ALBO) Technical Analysis
NASDAQ:ALBO • US01345P1066
Current stock price
ALBO Technical Rating and Analysis
Overall ALBO gets a technical rating of 8 out of 10. Both in the recent history as in the last year, ALBO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- ALBO is one of the better performing stocks in the Biotechnology industry, it outperforms 92% of 517 stocks in the same industry.
- ALBO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ALBO is leading the market.
- ALBO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that ALBO is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month ALBO has a been trading in a tight range between 43.30 and 45.23.
ALBO Weekly and Daily overview Charts
ALBO Setup Rating and Analysis
Besides having an excellent technical rating, ALBO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 44.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.96, a Stop Loss order could be placed below this zone.
More info and screens
ALBO Support and Resistance Analysis
43.06
When analyzing the support we notice one important area.
- A support zone ranging from 43.49 to 43.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 44.96 to 44.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
ALBO Technical Indicator Signal Analysis
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 ALBO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALBO is up. |
| ChartMill Relative Strength | 98.27 | POSITIVE | ALBO has a high relative strength, it outperformed 98.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALBO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALBO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALBO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.03 | NEUTRAL | The RSI value for ALBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests ALBO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.16 | NEUTRAL | The Stochastics value for ALBO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for ALBO suggests low volalility. |
| Average Directional Index/ADX (14) | 50.46 | POSITIVE | The high ADX value value for ALBO suggests a strong trend. |
ALBO Chart- and CandleStick Pattern Analysis
ALBO Example Setup
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 |
|---|---|---|---|
| 44.97 | 43.48 | 1.49 (3.31%) | 25.00% |
| An entry @44.97. This is a Buy Stop order right above the resistance zone. | An exit @43.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.49 points, which is 3.31%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
ALBO Technicals: Chart, Performance Metrics, Trend & Indicators
44.15
-0.1 (-0.23%)
ALBIREO PHARMA INC / ALBO TA FAQ
What is the ChartMill technical rating of ALBIREO PHARMA INC (ALBO) stock?
ChartMill assigns a technical rating of 7 / 10 to ALBO.
Can you provide the trend direction for ALBIREO PHARMA INC?
The current trend direction for ALBIREO PHARMA INC (ALBO) is Bullish.
What is the RSI signal for ALBO stock?
ALBIREO PHARMA INC (ALBO) has an RSI value of 68.0335. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALBIREO PHARMA INC?
The MACD indicator for ALBIREO PHARMA INC (ALBO) has a value of -0.492075, indicating a bearish trend.
What is the buy/sell signal for ALBO stock?
The buy/sell signal for ALBIREO PHARMA INC (ALBO) is buy as both the short term and long term trends are positive.