ALECTOR INC (ALEC) Stock Technical Analysis
NASDAQ:ALEC - Nasdaq - US0144421072 - Common Stock - Currency: USD
Taking everything into account, ALEC scores 2 out of 10 in our technical rating. ALEC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ALEC is a bad performer in the overall market: 92% of all stocks are doing better.
ALEC is part of the Biotechnology industry. There are 551 other stocks in this industry, of which 66% are performing better than ALEC.
ALEC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ALEC has a been trading in the 1.42 - 2.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ALEC has a poor technical rating and the quality of the setup is also 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.
More info and screens
1.41
1.86
We found 1 important support area.
- A support zone ranging from 1.42 to 1.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @1.67 from a trend line in the daily time frame.
- Resistance @1.77 from a trend line in the daily time frame.
- Resistance @1.84 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 | NEUTRAL | NEUTRAL | The short term trend for ALEC is neutral. |
| ChartMill Relative Strength | 8.56 | NEGATIVE | ALEC has a low relative strength, it was outperformed by 91.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALEC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALEC is below 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) | 41.78 | NEUTRAL | The RSI value for ALEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ALEC has a negative trend. |
| Stochastics (14,3) | 16.11 | OVERSOLD | The low Stochastics value suggests ALEC may be oversold. |
| Average True Range in percent/ATR (20) | 8.61 | HIGH VOLATILITY | The high ATR as a percentage value for ALEC suggests high volalility. |
| Average Directional Index/ADX (14) | 17.43 | NEGATIVE | The low ADX value for ALEC suggests a weak or negative 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)
1.43
-0.13 (-8.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-8.33%
1 Week-10.62%
2 Weeks-19.66%
1 Month-13.33%
3 Month22.22%
6 Month-18.29%
12 Month-71.85%
2 Year-73.76%
3 Year-86.18%
5 Year-88.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%8.61%
ATR Inc-8.87%
Range Today0.14
ADR(20)0.12
ADR(20)%8.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.56
Mansfield-4.86
10 Day High2
10 Day Low1.42
20 Day High2
20 Day Low1.42
52 Week High6.37
52 Week Low0.87
CS1 End1.42
CR1 Start1.67
Volume & EV
DER(3)-0.35%
DER(5)-1.45%
Volume518.40K
Volume Incr36.32%
Vol(5)599.50K
Vol(50)546.22K