ALC Technical Analysis - ALCON INC

Technical Rating and Analysis

Taking everything into account, ALC scores 0 out of 10 in our technical rating. ALC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

87% of all other stocks performed better in the past year than ALC.

ALC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

ALC has an average volume of 2386350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

ALC is an average performer in the Health Care Equipment & Supplies industry, it outperforms 43% of 190 stocks in the same industry.

In the last month ALC has a been trading in the 71.55 - 77.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ALC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

71.33

100.64

We found 2 important support areas.

A support zone ranging from 74.51 to 75.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 72.05 to 72.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

Resistance @75.85 from a trend line in the daily time frame.
A resistance zone ranging from 77.38 to 78.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 84.88 to 85.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @99.64 from a horizontal line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for ALC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ALC is down.
ChartMill Relative Strength	13.06	NEGATIVE	ALC has a low relative strength, it was outperformed by 86.94% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ALC is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ALC is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.87	NEUTRAL	The RSI value for ALC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.33	POSITIVE	The MACD value suggests ALC has a positive trend.
Stochastics (14,3)	62.16	NEUTRAL	The Stochastics value for ALC is a neutral value.
Average True Range in percent/ATR (20)	1.89	LOW VOLATILITY	The low ATR as a percentage value for ALC suggests low volalility.
Average Directional Index/ADX (14)	23.57	NEUTRAL	The ADX value for ALC suggests a possible start of a new trend.