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.

When comparing the yearly performance of all stocks, ALC is a bad performer in the overall market: 90% of all stocks are doing better.

ALC is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, of which 60% are performing better than ALC.

ALC is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month ALC has a been trading in the 73.22 - 80.91 range, which is quite wide. It is currently trading near the lows of this range.

ALC has an average volume of 2047500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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

The technical rating of ALC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

72.50

100.64

When analyzing the support we notice one important area.

A support zone ranging from 73.23 to 73.23. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 80.17 to 80.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 87.03 to 87.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @92.22 from a horizontal line in the daily time frame.
Resistance @99.64 from a horizontal line in the weekly time frame.

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Support and Resistance indicators

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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	10.09	NEGATIVE	ALC has a low relative strength, it was outperformed by 89.91% 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)	28.9	OVERSOLD	The low RSI value suggests ALC may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.2	NEGATIVE	The MACD value suggests ALC has a negative trend.
Stochastics (14,3)	1.74	OVERSOLD	The low Stochastics value suggests ALC may be oversold.
Average True Range in percent/ATR (20)	1.85	LOW VOLATILITY	The low ATR as a percentage value for ALC suggests low volalility.
Average Directional Index/ADX (14)	29.4	POSITIVE	The high ADX value value for ALC suggests a strong trend.