We assign a technical rating of 10 out of 10 to ALCO. Both in the recent history as in the last year, ALCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ALCO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 37.70. Right above this resistance zone may be a good entry point.
More info and screens
31.03
We found 2 important support areas.
- Support @36.14 from a horizontal line in the daily time frame.
- A support zone ranging from 31.34 to 32.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.70 to 38.13. 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 | 87.8 | POSITIVE | ALCO has a high relative strength, it outperformed 87.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALCO is below 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) | 51.55 | NEUTRAL | The RSI value for ALCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests ALCO has a negative trend. |
| Stochastics (14,3) | 28.75 | NEUTRAL | The Stochastics value for ALCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ALCO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.03 | NEUTRAL | The ADX value for ALCO suggests a possible start of a new 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 |
|---|---|---|---|
| 36.83 | 36.13 | 0.70 (1.89%) | 25.00% |
| An entry @36.83. This is a Buy Stop order right above the 10 day moving average. | An exit @36.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.70 points, which is 1.89%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALCO. Please evaluate whether better entry and exit points can be found.
- 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.
36.38
-0.14 (-0.38%)
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.
What is the current trend direction of ALICO INC (ALCO) stock?
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 51.5496. This indicates that the stock is currently neutral.
What is the MACD signal for ALCO stock?
The MACD indicator for ALICO INC (ALCO) has a value of -0.225955, indicating a bearish trend.
What is the buy/sell signal for ALICO INC (ALCO) stock?
The buy/sell signal for ALICO INC (ALCO) is buy as both the short term and long term trends are positive.