ALDEYRA THERAPEUTICS INC (ALDX) Stock Technical Analysis
NASDAQ:ALDX - Nasdaq - US01438T1060 - Common Stock - Currency: USD
Taking everything into account, ALDX scores 7 out of 10 in our technical rating. Although ALDX has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ALDX is one of the better performing stocks in the Biotechnology industry, it outperforms 93% of 560 stocks in the same industry.
In the last month ALDX has a been trading in the 2.60 - 4.92 range, which is quite wide. It is currently trading near the high of this range.
ALDX has an average volume of 1111630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ALDX did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ALDX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALDX is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ALDX has an excellent technical rating, it does not present a decent entry opportunity 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
2.33
4.86
When analyzing the support we can see 2 important areas.
- Support @2.59 from a trend line in the daily time frame.
- Support @2.35 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @4.81 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 | NEUTRAL | NEUTRAL | The long term trend for ALDX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALDX is up. |
| ChartMill Relative Strength | 95.64 | POSITIVE | ALDX has a high relative strength, it outperformed 95.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALDX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALDX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ALDX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 78.13 | OVERBOUGHT | The high RSI value suggests ALDX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ALDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.78 | OVERBOUGHT | The high Stochastics value suggests ALDX may be overbought. |
| Average True Range in percent/ATR (20) | 6.44 | HIGH VOLATILITY | The high ATR as a percentage value for ALDX suggests high volalility. |
| Average Directional Index/ADX (14) | 43.82 | POSITIVE | The high ADX value value for ALDX suggests a strong trend. |
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)
4.65
-0.15 (-3.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.12%
1 Week8.14%
2 Weeks20.16%
1 Month57.09%
3 Month143.46%
6 Month-5.87%
12 Month20.47%
2 Year-42.7%
3 Year-7.74%
5 Year-27.68%
10 Year-47.69%
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%6.44%
ATR Inc25.49%
Range Today0.26
ADR(20)0.3
ADR(20)%6.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.64
Mansfield-0.68
10 Day High4.92
10 Day Low3.68
20 Day High4.92
20 Day Low2.6
52 Week High7.2
52 Week Low1.14
CS1 End2.59
CR1 Start4.81
Volume & EV
DER(3)1.55%
DER(5)-3.25%
Volume1.38M
Volume Incr26.48%
Vol(5)1.31M
Vol(50)1.11M