ALDEYRA THERAPEUTICS INC (ALDX) Technical Analysis
NASDAQ:ALDX • US01438T1060
We assign a technical rating of 1 out of 10 to ALDX. ALDX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 77% of all other stocks performed better in the past year than ALDX.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- ALDX is an average performer in the Biotechnology industry, it outperforms 41% of 519 stocks in the same industry.
- 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.
- In the last month ALDX has a been trading in the 4.37 - 5.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ALDX does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ALDX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.57
When analyzing the support we can see 2 important areas.
- Support @4.79 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.62 to 4.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @5.38 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.48 to 5.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.74 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 | NEUTRAL | NEUTRAL | The short term trend for ALDX is neutral. |
| ChartMill Relative Strength | 23.32 | NEGATIVE | ALDX has a low relative strength, it was outperformed by 76.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALDX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALDX is below a declining 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) | 47.39 | NEUTRAL | The RSI value for ALDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ALDX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.88 | NEUTRAL | The Stochastics value for ALDX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.2 | HIGH VOLATILITY | The high ATR as a percentage value for ALDX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.53 | NEGATIVE | The low ADX value for ALDX suggests a weak or negative trend. |
ALDX Technicals: Chart, Performance Metrics, Trend & Indicators
4.94
-0.07 (-1.4%)
ALDEYRA THERAPEUTICS INC / ALDX FAQ
What is the technical rating for ALDX stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for ALDX stock?
ALDEYRA THERAPEUTICS INC (ALDX) has an RSI value of 47.3947. 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 -0.0443548, indicating a bearish trend.