ALCON INC (ALC) Stock Technical Analysis
NYSE:ALC - CH0432492467 - Common Stock
78.91 USD
+0.19 (+0.24%)
79.87 USD
+0.96 (+1.22%)
We assign a technical rating of 0 out of 10 to ALC. ALC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
87% of all other stocks performed better in the past year than ALC.
ALC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ALC has a been trading in the 77.72 - 90.41 range, which is quite wide. It is currently trading near the lows of this range.
ALC has an average volume of 1950690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALC is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, ALC did better than 46% of them.
Although the technical rating is bad, ALC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 78.90, a Stop Loss order could be placed below this zone.
More info and screens
77.49
100.64
When analyzing the support we notice one important area.
- A support zone ranging from 78.27 to 78.90. 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 87.71 to 90.12. 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 | DOWN | NEGATIVE | The short term trend for ALC is down. |
| ChartMill Relative Strength | 13.88 | NEGATIVE | ALC has a low relative strength, it was outperformed by 86.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALC is below a declining 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) | 36.88 | NEUTRAL | The RSI value for ALC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests ALC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.29 | OVERSOLD | The low Stochastics value suggests ALC may be oversold. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ALC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.31 | NEUTRAL | The ADX value for ALC suggests a possible start of a new 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)
78.91
+0.19 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.24%
1 Week-3.01%
2 Weeks-2.63%
1 Month-6.19%
3 Month-10.11%
6 Month-15.18%
12 Month-16.64%
2 Year2.4%
3 Year35.63%
5 Year38.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.2
ATR(20)%2.42%
ATR Inc-60.68%
Range Today0.75
ADR(20)1.33
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.88
Mansfield-1.98
10 Day High82.77
10 Day Low77.72
20 Day High90.41
20 Day Low77.72
52 Week High101.1
52 Week Low77.72
CS1 End78.9
CR1 Start87.71
Volume & EV
DER(3)2.18%
DER(5)2.32%
Volume1.83M
Volume Incr-13.08%
Vol(5)2.15M
Vol(50)1.95M