ALCON INC (ALC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALC - CH0432492467 - Common Stock
We assign a technical rating of 5 out of 10 to ALC. ALC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
ALC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 80.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.05, a Stop Loss order could be placed below this zone.
More info and screens
71.33
We found 3 important support areas.
- A support zone ranging from 77.19 to 80.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 80.17 to 80.73. 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 | UP | POSITIVE | The short term trend for ALC is up. |
| ChartMill Relative Strength | 44.93 | NEUTRAL | ALC is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ALC is above the rising 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) | 57.7 | NEUTRAL | The RSI value for ALC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALC has a negative trend. |
| Stochastics (14,3) | 59.01 | NEUTRAL | The Stochastics value for ALC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for ALC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.83 | NEGATIVE | The low ADX value for ALC suggests a weak or negative trend. |
80.17
+0.05 (+0.06%)
ALCON INC / ALC FAQ
Can you provide the ChartMill technical rating for ALCON INC?
ChartMill assigns a technical rating of 5 / 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 57.698. 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 positive.
Can you provide the buy/sell signal for ALCON INC?
The buy/sell signal for ALCON INC (ALC) is hold as the short term and long term trends are mixed.