ALICO INC (ALCO) Stock Technical Analysis
USA - NASDAQ:ALCO - US0162301040 - Common Stock
We assign a technical rating of 10 out of 10 to ALCO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALCO is showing a nice and steady performance.
Besides having an excellent technical rating, ALCO also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 34.54, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
30.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.27 to 34.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.38 from a horizontal line in the daily time frame.
- Support @31.22 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.81 to 35.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for ALCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALCO is up. |
| ChartMill Relative Strength | 83.91 | POSITIVE | ALCO has a high relative strength, it outperformed 83.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.12 | NEUTRAL | The RSI value for ALCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.78 | NEUTRAL | The Stochastics value for ALCO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for ALCO suggests low volalility. |
| Average Directional Index/ADX (14) | 35.52 | POSITIVE | The high ADX value value for ALCO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 35.82 | 34.09 | 1.73 (4.83%) | 20.71% |
| An entry @35.82. This is a Buy Stop order right above the resistance zone. | An exit @34.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.73 points, which is 4.83%. | For a 1.00% total portfolio risk, you can invest 20.71% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.21
+0.07 (+0.2%)
ALICO INC / ALCO FAQ
What is the ChartMill technical rating of ALICO INC (ALCO) stock?
ChartMill assigns a technical rating of 10 / 10 to ALCO.
Can you provide the trend direction for ALICO INC?
The current trend direction for ALICO INC (ALCO) is Bullish.
Can you provide the RSI signal for ALICO INC?
ALICO INC (ALCO) has an RSI value of 58.1181. This indicates that the stock is currently neutral.
What is the short term momentum for ALICO INC (ALCO) stock?
The short term momentum for ALICO INC (ALCO) is positive.
What are the support and resistance levels for ALICO INC (ALCO) stock?
ALICO INC (ALCO) has a support level at 34.54 and a resistance level at 35.81. Check the full technical report for our detailed analysis of ALCO support and resistance levels.