ALCON INC (ALC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALC - CH0432492467 - Common Stock
76.25 USD
-0.36 (-0.47%)
76.25 USD
0 (0%)
We assign a technical rating of 1 out of 10 to ALC. ALC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
72% 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. The S&P500 Index however is trading in the upper part of its 52 week range, so ALC is lagging the market.
ALC has an average volume of 2252510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALC is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, ALC did better than 60% of them.
In the last month ALC has a been trading in the 72.09 - 81.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 75.75, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
71.33
100.64
We found 3 important support areas.
- A support zone ranging from 75.48 to 75.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @73.24 from a horizontal line in the daily time frame.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 76.88 to 78.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 79.44 to 80.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 82.20 to 82.60. 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.
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 | NEUTRAL | NEUTRAL | The short term trend for ALC is neutral. |
| ChartMill Relative Strength | 28.07 | NEGATIVE | ALC has a low relative strength, it was outperformed by 71.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ALC is above 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) | 51.61 | NEUTRAL | The RSI value for ALC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ALC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.59 | NEUTRAL | The Stochastics value for ALC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for ALC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.03 | NEGATIVE | The low ADX value for ALC suggests a weak or negative 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)
76.25
-0.36 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.47%
1 Week-0.47%
2 Weeks2.5%
1 Month0.2%
3 Month-4.46%
6 Month-11.28%
12 Month-14.18%
2 Year0.82%
3 Year10.68%
5 Year18.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.81
ATR(20)%2.19%
ATR Inc-21.19%
Range Today0.7
ADR(20)1.38
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.07
3 months CRS32.59
6 months CRS19.28
Mansfield-1.89
10 Day High81.89
10 Day Low74.66
20 Day High81.89
20 Day Low72.09
52 Week High99.2
52 Week Low71.55
CS1 End75.75
CR1 Start76.88
Volume & EV
DER(3)-2.78%
DER(5)-1.05%
Volume1.58M
Volume Incr-2.95%
Vol(5)2.15M
Vol(50)2.25M
ALCON INC / ALC FAQ
Can you provide the ChartMill technical rating for ALCON INC?
ChartMill assigns a technical rating of 1 / 10 to ALC.
Can you provide the trend direction for ALCON INC?
The current trend direction for ALCON INC (ALC) is Bearish.
What is the RSI signal for ALCON INC (ALC) stock?
ALCON INC (ALC) has an RSI value of 51.6133. This indicates that the stock is currently neutral.
What is the short term momentum for ALCON INC (ALC) stock?
The short term momentum for ALCON INC (ALC) is neutral.