Alder Biopharmaceuticals Inc (ALDR) Stock Technical Analysis
USA - NASDAQ:ALDR -
18.88
-0.04 (-0.21%)
18.88
0 (0%)
We assign a technical rating of 9 out of 10 to ALDR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALDR is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by ALDR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
ALDR 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ALDR has an average volume of 4247360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ALDR did better than 98% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month ALDR has a been trading in a tight range between 18.65 and 19.12.
Although ALDR has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.67
19.12
When analyzing the support we notice one important area.
- A support zone ranging from 18.86 to 18.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 18.89 to 18.93. This zone is formed by a combination of multiple trend lines and important moving averages 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 ALDR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALDR is up. |
| ChartMill Relative Strength | 98.26 | POSITIVE | ALDR has a high relative strength, it outperformed 98.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALDR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALDR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALDR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.27 | OVERBOUGHT | The high RSI value suggests ALDR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests ALDR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.55 | NEUTRAL | The Stochastics value for ALDR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for ALDR suggests low volalility. |
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)
18.88
-0.04 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.21%
1 Week-0.21%
2 Weeks-0.16%
1 Month1.34%
3 Month81.02%
6 Month35.24%
12 Month43.36%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.56%
ATR Inc122.98%
Range Today0.3
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.26
Mansfield3.99
10 Day High19.12
10 Day Low18.83
20 Day High19.12
20 Day Low18.65
52 Week High19.12
52 Week Low8.39
CS1 End18.87
CR1 Start18.89
Volume & EV
DER(3)2.42%
DER(5)0.24%
Volume29.12M
Volume Incr109.68%
Vol(5)10.21M
Vol(50)4.25M