ALCON INC (ALC) Technical Analysis
NYSE:ALC • CH0432492467
We assign a technical rating of 0 out of 10 to ALC. 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.
- When comparing the yearly performance of all stocks, ALC is a bad performer in the overall market: 74% of all stocks are doing better.
- 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.
- In the last month ALC has a been trading in the 76.73 - 87.64 range, which is quite wide. It is currently trading near the lows of this range.
- ALC has an average volume of 1689640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ALC is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, ALC did better than 65% of them.
The technical rating of ALC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
76.55
We can see 4 important resistance areas.
- Resistance @77.60 from a horizontal line in the daily time frame.
- A resistance zone ranging from 80.36 to 82.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 86.85 to 87.18. 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 | NEUTRAL | NEUTRAL | The long term trend for ALC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALC is down. |
| ChartMill Relative Strength | 26.25 | NEGATIVE | ALC has a low relative strength, it was outperformed by 73.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALC is below 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) | 36.03 | NEUTRAL | The RSI value for ALC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests ALC has a negative trend. |
| Stochastics (14,3) | 9.5 | OVERSOLD | The low Stochastics value suggests ALC may be oversold. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for ALC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.15 | NEUTRAL | The ADX value for ALC suggests a possible start of a new trend. |
ALC Technicals: Chart, Performance Metrics, Trend & Indicators
77.32
-1.18 (-1.5%)
ALCON INC / ALC FAQ
Can you provide the ChartMill technical rating for ALCON INC?
ChartMill assigns a technical rating of 0 / 10 to ALC.
What is the current trend direction of ALCON INC (ALC) stock?
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 36.0253. This indicates that the stock is currently neutral.
What is the MACD signal for ALC stock?
The MACD indicator for ALCON INC (ALC) has a value of -0.816989, indicating a bearish trend.
What is the support and resistance level for ALC stock?
ALCON INC (ALC) has a resistance level at 77.6. Check the full technical report for our detailed analysis of ALC support and resistance levels.