USA - NYSE:ALC - CH0432492467 - Common Stock
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.
ALC has a bad 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 76.09. Right above this resistance zone may be a good entry point.
71.33
When analyzing the support we can see 2 important areas.
When analyzing the resistance we notice 3 important areas.
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 | NEUTRAL | NEUTRAL | The short term trend for ALC is neutral. |
| ChartMill Relative Strength | 13.21 | NEGATIVE | ALC has a low relative strength, it was outperformed by 86.79% off all stocks 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) | 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) | 50.21 | NEUTRAL | The RSI value for ALC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests ALC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.15 | OVERBOUGHT | The high Stochastics value suggests ALC may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for ALC suggests low volalility. |
| Average Directional Index/ADX (14) | 19.1 | NEGATIVE | The low ADX value for ALC suggests a weak or negative trend. |
76.08
-0.18 (-0.24%)
ChartMill assigns a technical rating of 1 / 10 to ALC.
The current trend direction for ALCON INC (ALC) is Bearish.
ALCON INC (ALC) has an RSI value of 50.2088. This indicates that the stock is currently neutral.
The short term momentum for ALCON INC (ALC) is neutral.