ALECTOR INC (ALEC) Stock Technical Analysis
NASDAQ:ALEC - Nasdaq - US0144421072 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ALEC. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALEC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ALEC is a bad performer in the overall market: 91% of all stocks are doing better.
ALEC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALEC is lagging the market.
In the last month ALEC has a been trading in the 1.08 - 1.69 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ALEC is part of the Biotechnology industry. There are 559 other stocks in this industry, ALEC did better than 40% of them.
Considerably lower volume is observed in the last couple of days.
ALEC has an average technical rating and it also does not offer a high 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
1.18
1.65
2 important support areas can be observed.
- A support zone ranging from 1.51 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.19 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.63 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 | DOWN | NEGATIVE | The long term trend for ALEC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALEC is up. |
| ChartMill Relative Strength | 9.31 | NEGATIVE | ALEC has a low relative strength, it was outperformed by 90.69% 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) | DOWN | NEGATIVE | The current price of ALEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.28 | NEUTRAL | The RSI value for ALEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALEC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.14 | OVERBOUGHT | The high Stochastics value suggests ALEC may be overbought. |
| Average True Range in percent/ATR (20) | 8.38 | HIGH VOLATILITY | The high ATR as a percentage value for ALEC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.5 | NEUTRAL | The ADX value for ALEC suggests a possible start of a new 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)
1.54
-0.08 (-4.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.94%
1 Week3.36%
2 Weeks15.79%
1 Month39.37%
3 Month6.21%
6 Month-21.83%
12 Month-67.09%
2 Year-74.38%
3 Year-84.84%
5 Year-93.7%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%8.38%
ATR Inc-12.99%
Range Today0.12
ADR(20)0.12
ADR(20)%8.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.31
Mansfield-5.3
10 Day High1.69
10 Day Low1.28
20 Day High1.69
20 Day Low1.09
52 Week High6.78
52 Week Low0.87
CS1 End1.53
CR1 Start1.63
Volume & EV
DER(3)10.7%
DER(5)8.08%
Volume408.80K
Volume Incr-60.43%
Vol(5)463.98K
Vol(50)968.05K