ALCON INC (ALC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALC - CH0432492467 - Common Stock
Overall ALC gets a technical rating of 5 out of 10. In the last year, ALC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, ALC is a bad performer in the overall market: 68% of all stocks are doing better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month ALC has a been trading in the 76.74 - 82.50 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- ALC has an average volume of 1563980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ALC is an average performer in the Health Care Equipment & Supplies industry, it outperforms 63% of 184 stocks in the same industry.
- ALC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALC is lagging the market.
ALC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 80.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.73, 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 78.67 to 80.73. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 80.80 to 81.81. 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 | UP | POSITIVE | The short term trend for ALC is up. |
| ChartMill Relative Strength | 32.8 | 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) | 54.12 | NEUTRAL | The RSI value for ALC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ALC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.12 | NEUTRAL | The Stochastics value for ALC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ALC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.69 | NEGATIVE | The low ADX value for ALC suggests a weak or negative trend. |
80.79
+0.5 (+0.62%)
ALCON INC / ALC FAQ
Can you provide the ChartMill technical rating for ALCON INC?
ChartMill assigns a technical rating of 5 / 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 54.1161. 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 -0.000788761, indicating a bearish trend.
What is the support and resistance level for ALC stock?
ALCON INC (ALC) has a support level at 80.73 and a resistance level at 80.8. Check the full technical report for our detailed analysis of ALC support and resistance levels.