We assign a technical rating of 7 out of 10 to ALEC. In the past year, ALEC was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month ALEC has a been trading in the 1.50 - 2.00 range, which is quite wide. It is currently trading near the high of this range.
- ALEC has an average volume of 1299490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ALEC is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- ALEC is an average performer in the Biotechnology industry, it outperforms 68% of 525 stocks in the same industry.
- ALEC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALEC is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ALEC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALEC 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
1.16
3 important support areas can be observed.
- A support zone ranging from 1.90 to 1.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.29 from a trend line in the weekly time frame.
- Support @1.17 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.95 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.45 from a trend line in the weekly 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 ALEC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALEC is up. |
| ChartMill Relative Strength | 82.64 | POSITIVE | ALEC has a high relative strength, it outperformed 82.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.63 | NEUTRAL | The RSI value for ALEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ALEC has a negative trend. |
| Stochastics (14,3) | 74.66 | NEUTRAL | The Stochastics value for ALEC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for ALEC suggests high volalility. |
| Average Directional Index/ADX (14) | 38.69 | POSITIVE | The high ADX value value for ALEC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.97 | 1.89 | 0.08 (4.06%) | 24.62% |
| An entry @1.97. This is a Buy Stop order right above the resistance zone. | An exit @1.89. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 4.06%. | When investing 24.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ALEC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.91
0 (0%)
ALECTOR INC / ALEC FAQ
What is the ChartMill technical rating of ALECTOR INC (ALEC) stock?
ChartMill assigns a technical rating of 7 / 10 to ALEC.
What is the current trend direction of ALECTOR INC (ALEC) stock?
The current trend direction for ALECTOR INC (ALEC) is Bearish.
Can you provide the RSI signal for ALECTOR INC?
ALECTOR INC (ALEC) has an RSI value of 65.6272. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ALECTOR INC?
The short term momentum for ALECTOR INC (ALEC) is positive.