ALDEYRA THERAPEUTICS INC (ALDX) Stock Technical Analysis
NASDAQ:ALDX • US01438T1060
Taking everything into account, ALDX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ALDX is a bad performer.
- 76% of all other stocks performed better in the past year than ALDX.
- Both the short term and long term trends are positive. This is a very positive sign.
- ALDX 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.
- ALDX has an average volume of 1105730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ALDX is part of the Biotechnology industry. There are 522 other stocks in this industry, ALDX did better than 49% of them.
- 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.
ALDX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.50. Right above this resistance zone may be a good entry point.
More info and screens
4.37
We found 2 important support areas.
- A support zone ranging from 5.06 to 5.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.41 to 4.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.50 to 5.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.85 to 5.90. 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 ALDX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALDX is up. |
| ChartMill Relative Strength | 24.63 | NEGATIVE | ALDX has a low relative strength, it was outperformed by 75.37% 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) | UP | POSITIVE | The current price of ALDX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.59 | NEUTRAL | The RSI value for ALDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALDX has a negative trend. |
| Stochastics (14,3) | 35.97 | NEUTRAL | The Stochastics value for ALDX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for ALDX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.2 | POSITIVE | The high ADX value value for ALDX suggests a strong trend. |
5.28
+0.03 (+0.57%)
ALDEYRA THERAPEUTICS INC / ALDX FAQ
What is the technical rating for ALDX stock?
ChartMill assigns a technical rating of 7 / 10 to ALDX.
What is the current trend direction of ALDEYRA THERAPEUTICS INC (ALDX) stock?
The current trend direction for ALDEYRA THERAPEUTICS INC (ALDX) is Bullish.
What is the RSI signal for ALDX stock?
ALDEYRA THERAPEUTICS INC (ALDX) has an RSI value of 53.5911. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALDEYRA THERAPEUTICS INC?
The MACD indicator for ALDEYRA THERAPEUTICS INC (ALDX) has a value of -0.0112555, indicating a bearish trend.
What is the buy/sell signal for ALDX stock?
The buy/sell signal for ALDEYRA THERAPEUTICS INC (ALDX) is buy as both the short term and long term trends are positive.