ALCON INC (ALC) Stock Technical Analysis
NYSE:ALC - New York Stock Exchange, Inc. - CH0432492467 - Common Stock - Currency: USD
We assign a technical rating of 1 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.
69% of all other stocks performed better in the past year than ALC.
ALC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ALC has an average volume of 1771880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ALC is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, ALC did better than 63% of them.
ALC is currently trading in the middle 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 slightly.
ALC has a poor technical rating and the quality of the setup is also not perfect 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
81.90
101.77
2 important support areas can be observed.
- A support zone ranging from 85.13 to 85.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 82.73 to 83.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 97.20 to 100.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for ALC is neutral. |
| ChartMill Relative Strength | 31.2 | NEUTRAL | ALC is not amongst the best or worst performers 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) | 41.44 | NEUTRAL | The RSI value for ALC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests ALC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.15 | NEUTRAL | The Stochastics value for ALC is a neutral value. |
| 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) | 17.32 | 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)
86.2
-2.92 (-3.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-3.28%
1 Week-1.81%
2 Weeks0.3%
1 Month-1.68%
3 Month-3.1%
6 Month2.41%
12 Month-4.94%
2 Year4.98%
3 Year23.34%
5 Year50.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%1.85%
ATR Inc31.8%
Range Today1.65
ADR(20)1.28
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.2
Mansfield-0.93
10 Day High89.76
10 Day Low84.13
20 Day High89.88
20 Day Low84.13
52 Week High101.1
52 Week Low80.48
CS1 End85.66
CR1 Start97.2
Volume & EV
DER(3)-3.29%
DER(5)-1.87%
Volume1.65M
Volume Incr-0.9%
Vol(5)1.86M
Vol(50)1.77M