ALCON INC (ALC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ALC • CH0432492467
Taking everything into account, ALC scores 2 out of 10 in our technical rating. 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.
- 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 76.95 - 82.14 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- ALC has an average volume of 1420300 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 part of the Health Care Equipment & Supplies industry. There are 186 other stocks in this industry, ALC did better than 63% of them.
- Volume is considerably higher in the last couple of days.
ALC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 78.67, a Stop Loss order could be placed below this zone.
More info and screens
71.33
3 important support areas can be observed.
- A support zone ranging from 77.53 to 78.67. 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.
- 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 2 important areas.
- A resistance zone ranging from 79.25 to 81.81. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 29.26 | NEGATIVE | ALC has a low relative strength, it was outperformed by 70.74% 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) | 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) | 46.44 | NEUTRAL | The RSI value for ALC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests ALC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.75 | 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) | 12.78 | NEGATIVE | The low ADX value for ALC suggests a weak or negative trend. |
78.83
+0.46 (+0.59%)
ALCON INC / ALC FAQ
Can you provide the ChartMill technical rating for ALCON INC?
ChartMill assigns a technical rating of 2 / 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 46.4376. 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 -0.285597, indicating a bearish trend.
What is the support and resistance level for ALC stock?
ALCON INC (ALC) has a support level at 78.67 and a resistance level at 79.25. Check the full technical report for our detailed analysis of ALC support and resistance levels.