ALDEYRA THERAPEUTICS INC (ALDX) Stock Technical Analysis
NASDAQ:ALDX - Nasdaq - US01438T1060 - Common Stock - Currency: USD
Overall ALDX gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALDX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ALDX is a bad performer in the overall market: 95% of all stocks are doing better.
ALDX is one of the lesser performing stocks in the Biotechnology industry. 72% of 557 stocks in the same industry do better.
ALDX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALDX is lagging the market.
In the last month ALDX has a been trading in the 2.08 - 3.08 range, which is quite wide. It is currently trading near the high of this range.
ALDX has an average volume of 1979260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
The technical rating of ALDX is bad and it also does not present a quality setup 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
1.93
3.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.28 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.18 from a trend line in the daily time frame.
- Support @1.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.97 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 | DOWN | NEGATIVE | The long term trend for ALDX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALDX is up. |
| ChartMill Relative Strength | 5.56 | NEGATIVE | ALDX has a low relative strength, it was outperformed by 94.44% 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) | DOWN | MIXED | The current price of ALDX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALDX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.5 | NEUTRAL | The RSI value for ALDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ALDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.22 | OVERBOUGHT | The high Stochastics value suggests ALDX may be overbought. |
| Average True Range in percent/ATR (20) | 6.29 | HIGH VOLATILITY | The high ATR as a percentage value for ALDX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.4 | 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)
2.78
-0.15 (-5.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.12%
1 Week4.51%
2 Weeks29.3%
1 Month28.7%
3 Month-59.77%
6 Month-43.27%
12 Month-25.47%
2 Year-66.87%
3 Year-30.33%
5 Year-33.33%
10 Year-64.18%
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%6.29%
ATR Inc9.49%
Range Today0.19
ADR(20)0.17
ADR(20)%6.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.56
Mansfield-4.17
10 Day High3.08
10 Day Low2.08
20 Day High3.08
20 Day Low2.08
52 Week High7.2
52 Week Low1.14
CS1 End2.31
CR1 Start2.97
Volume & EV
DER(3)3.34%
DER(5)3.01%
Volume1.18M
Volume Incr2.51%
Vol(5)847.16K
Vol(50)1.98M