ALCON INC (ALC) Technical Analysis
NYSE:ALC • CH0432492467
Overall ALC gets a technical rating of 3 out of 10. ALC performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 71% of all other stocks performed better in the past year than ALC.
- In the last month ALC has a been trading in the 77.95 - 87.64 range, which is quite wide. It is currently trading near the lows of this range.
- ALC has an average volume of 1661950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ALC is an average performer in the Health Care Equipment & Supplies industry, it outperforms 66% 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 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
72.51
We found 2 important support areas.
- A support zone ranging from 78.67 to 79.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @73.24 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 86.91 to 87.18. 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 | DOWN | NEGATIVE | The short term trend for ALC is down. |
| ChartMill Relative Strength | 29.59 | NEGATIVE | ALC has a low relative strength, it was outperformed by 70.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALC is below 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) | 45.42 | NEUTRAL | The RSI value for ALC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests ALC has a negative trend. |
| Stochastics (14,3) | 24.54 | NEUTRAL | The Stochastics value for ALC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ALC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.32 | NEGATIVE | The low ADX value for ALC suggests a weak or negative trend. |
ALC Technicals: Chart, Performance Metrics, Trend & Indicators
80.77
+0.12 (+0.15%)
ALCON INC / ALC FAQ
Can you provide the ChartMill technical rating for ALCON INC?
ChartMill assigns a technical rating of 3 / 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 45.4164. 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 -0.503588, indicating a bearish trend.
What is the support and resistance level for ALC stock?
ALCON INC (ALC) has a support level at 79.02 and a resistance level at 86.91. Check the full technical report for our detailed analysis of ALC support and resistance levels.