Taking everything into account, ALDX scores 0 out of 10 in our technical rating. ALDX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
3.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.10 to 4.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.98 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @5.25 from a trend line in the weekly time frame.
- Resistance @5.46 from a trend line in the daily time frame.
- Resistance @5.59 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for ALDX is down. |
| ChartMill Relative Strength | 13.79 | NEGATIVE | ALDX has a low relative strength, it was outperformed by 86.21% 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) | DOWN | NEGATIVE | The current price of ALDX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.83 | NEUTRAL | The RSI value for ALDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ALDX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.72 | OVERSOLD | The low Stochastics value suggests ALDX may be oversold. |
| Average True Range in percent/ATR (20) | 10.59 | HIGH VOLATILITY | The high ATR as a percentage value for ALDX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.34 | NEUTRAL | The ADX value for ALDX suggests a possible start of a new trend. |
4.11
-0.07 (-1.67%)
ALDEYRA THERAPEUTICS INC / ALDX FAQ
What is the technical rating for ALDX stock?
ChartMill assigns a technical rating of 0 / 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 37.8307. 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 -0.110622, indicating a bearish trend.