ALICO INC (ALCO) Stock Technical Analysis
NASDAQ:ALCO • US0162301040
Taking everything into account, ALCO scores 10 out of 10 in our technical rating. 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.
- Warning: ALCO has an average volume of 27522 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ALCO did better than 86% of all other stocks. On top of that, ALCO also shows a nice and consistent pattern of rising prices.
- ALCO is one of the better performing stocks in the Food Products industry, it outperforms 86% of 88 stocks in the same industry.
- ALCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALCO is lagging the market slightly.
- ALCO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
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.
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30.91
When analyzing the support we can see 7 important areas.
- Support @39.43 from a trend line in the weekly time frame.
- Support @37.71 from a trend line in the daily time frame.
- Support @36.21 from a horizontal line in the weekly time frame.
- Support @34.85 from a horizontal line in the daily time frame.
- Support @33.44 from a trend line in the weekly time frame.
- A support zone ranging from 32.27 to 32.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @31.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 40.84 to 41.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.02 from a horizontal line in the daily 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 | 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 | 86.7 | POSITIVE | ALCO has a high relative strength, it outperformed 86.7% 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) | 58.34 | NEUTRAL | The RSI value for ALCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests ALCO has a negative trend. |
| Stochastics (14,3) | 38.61 | NEUTRAL | The Stochastics value for ALCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ALCO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.27 | 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 |
|---|---|---|---|
| 41.33 | 39.59 | 1.74 (4.21%) | 23.75% |
| An entry @41.33. This is a Buy Stop order right above the resistance zone. | An exit @39.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.74 points, which is 4.21%. | For a 1.00% total portfolio risk, you can invest 23.75% 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.
40.82
-0.35 (-0.85%)
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 58.3404. 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 -0.176651, 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.