ALDEYRA THERAPEUTICS INC (ALDX) Stock Technical Analysis
NASDAQ:ALDX - Nasdaq - US01438T1060 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ALDX. In the last year, ALDX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
ALDX is one of the better performing stocks in the Biotechnology industry, it outperforms 89% of 551 stocks in the same industry.
ALDX has an average volume of 1067080 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 94% 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.
In the last month ALDX has a been trading in the 4.12 - 5.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
2.84
5.60
When analyzing the support we can see 3 important areas.
- Support @5.14 from a trend line in the weekly time frame.
- A support zone ranging from 4.80 to 4.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.87 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.40 to 5.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.54 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 | 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 | 94.28 | POSITIVE | ALDX has a high relative strength, it outperformed 94.28% 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) | 59.77 | 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) | 44.94 | NEUTRAL | The Stochastics value for ALDX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.85 | HIGH VOLATILITY | The high ATR as a percentage value for ALDX suggests high volalility. |
| Average Directional Index/ADX (14) | 49.25 | 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)
5.16
+0.08 (+1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.57%
1 Week-4.51%
2 Weeks-5.75%
1 Month16.78%
3 Month133.03%
6 Month-14.33%
12 Month-0.39%
2 Year-31.9%
3 Year-27.84%
5 Year-22.21%
10 Year-29.64%
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%6.85%
ATR Inc86.77%
Range Today0.24
ADR(20)0.34
ADR(20)%6.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.28
Mansfield0.02
10 Day High5.62
10 Day Low4.23
20 Day High5.66
20 Day Low4.12
52 Week High7.2
52 Week Low1.14
CS1 End4.8
CR1 Start5.14
Volume & EV
DER(3)-1.87%
DER(5)-4.08%
Volume1.27M
Volume Incr-11.58%
Vol(5)1.10M
Vol(50)1.07M