ALCON INC (ALC) Stock Technical Analysis
USA - NYSE:ALC - CH0432492467 - Common Stock
76.08 USD
-0.18 (-0.24%)
76.08 USD
0 (0%)
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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ALC is a bad performer in the overall market: 87% of all stocks are doing better.
ALC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ALC has a been trading in the 71.55 - 77.62 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 2314520 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 44% of 190 stocks in the same industry.
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.
More info and screens
71.33
100.64
When analyzing the support we can see 2 important areas.
- 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 3 important areas.
- A resistance zone ranging from 76.09 to 76.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 84.88 to 84.92. 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 | 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. |
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)
76.08
-0.18 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.24%
1 Week1.29%
2 Weeks5.59%
1 Month2.92%
3 Month-17.18%
6 Month-19.87%
12 Month-19.28%
2 Year6.67%
3 Year25.38%
5 Year33.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%1.74%
ATR Inc-43.7%
Range Today0.93
ADR(20)1.22
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.21
3 months CRS11.12
6 months CRS8.98
Mansfield-2.21
10 Day High77.01
10 Day Low72.47
20 Day High77.62
20 Day Low71.55
52 Week High99.2
52 Week Low71.55
CS1 End73.24
CR1 Start76.09
Volume & EV
DER(3)-2.85%
DER(5)-1.26%
Volume1.36M
Volume Incr-30%
Vol(5)1.71M
Vol(50)2.31M
ALCON INC / ALC FAQ
Can you provide the ChartMill technical rating for ALCON INC?
ChartMill assigns a technical rating of 1 / 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 50.2088. 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 neutral.