We assign a technical rating of 2 out of 10 to ALEC. In the past year, ALEC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of ALEC 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
1.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.35 to 1.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.26 from a trend line in the weekly time frame.
- Support @1.17 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.66 from a trend line in the weekly time frame.
- Resistance @2.98 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 | 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 | 8.8 | NEGATIVE | ALEC has a low relative strength, it was outperformed by 91.2% 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) | DOWN | MIXED | The current price of ALEC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ALEC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.79 | NEUTRAL | The RSI value for ALEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ALEC has a positive trend. |
| Stochastics (14,3) | 81.48 | OVERBOUGHT | The high Stochastics value suggests ALEC may be overbought. |
| Average True Range in percent/ATR (20) | 6.53 | HIGH VOLATILITY | The high ATR as a percentage value for ALEC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.85 | NEGATIVE | The low ADX value for ALEC suggests a weak or negative trend. |
1.52
+0.07 (+4.83%)
ALECTOR INC / ALEC FAQ
What is the ChartMill technical rating of ALECTOR INC (ALEC) stock?
ChartMill assigns a technical rating of 2 / 10 to ALEC.
What is the trend direction for ALEC stock?
The current trend direction for ALECTOR INC (ALEC) is Bearish.
What is the RSI signal for ALEC stock?
ALECTOR INC (ALEC) has an RSI value of 57.7857. This indicates that the stock is currently neutral.
What is the MACD signal for ALECTOR INC (ALEC) stock?
The MACD indicator for ALECTOR INC (ALEC) has a value of 0.0361104, indicating a bearish trend.
Can you provide the support and resistance levels for ALECTOR INC?
ALECTOR INC (ALEC) has a support level at 1.35 and a resistance level at 2.66. Check the full technical report for our detailed analysis of ALEC support and resistance levels.