ALEC Technical Analysis - ALECTOR INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to ALEC. Both in the recent history as in the last year, ALEC has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

ALEC is one of the better performing stocks in the Biotechnology industry, it outperforms 78% of 538 stocks in the same industry.

In the last month ALEC has a been trading in the 2.30 - 3.28 range, which is quite wide. It is currently trading near the high of this range.

ALEC has an average volume of 1236560 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 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.

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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ALEC has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.61

3.67

When analyzing the support we can see 3 important areas.

A support zone ranging from 2.74 to 2.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.73 from a trend line in the weekly time frame.
Support @1.63 from a trend line in the daily time frame.

2 important resistance areas can be observed.

Resistance @3.27 from a trend line in the weekly time frame.
Resistance @3.63 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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 ALEC is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALEC is up.
ChartMill Relative Strength	89.19	POSITIVE	ALEC has a high relative strength, it outperformed 89.19% 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)	66.07	NEUTRAL	The RSI value for ALEC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests ALEC has a positive trend.
Stochastics (14,3)	84.53	OVERBOUGHT	The high Stochastics value suggests ALEC may be overbought.
Average True Range in percent/ATR (20)	6.83	HIGH VOLATILITY	The high ATR as a percentage value for ALEC suggests high volalility.
Average Directional Index/ADX (14)	50.53	POSITIVE	The high ADX value value for ALEC suggests a strong trend.