ALECTOR INC (ALEC) Technical Analysis
NASDAQ:ALEC • US0144421072
Current stock price
2.06 USD
+0.01 (+0.49%)
At close:
2.06 USD
0 (0%)
After Hours:
ALEC Technical Rating and Analysis
Overall ALEC gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ALEC has a been trading in the 1.89 - 2.65 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- ALEC is one of the better performing stocks in the Biotechnology industry, it outperforms 77% of 519 stocks in the same industry.
- Looking at the yearly performance, ALEC did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ALEC is currently trading in the middle 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 slightly.
ALEC Weekly and Daily overview Charts
ALEC Setup Rating and Analysis
Besides having an excellent technical rating, ALEC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
ALEC Support and Resistance Analysis
1.36
2.44
2 important support areas can be observed.
- Support @1.81 from a horizontal line in the daily time frame.
- Support @1.37 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.07 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.18 to 2.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.42 from a trend line in the daily time frame.
ALEC 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 | NEUTRAL | NEUTRAL | The short term trend for ALEC is neutral. |
| ChartMill Relative Strength | 92.7 | POSITIVE | ALEC has a high relative strength, it outperformed 92.7% 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 | 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) | 47.38 | 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) | 21.93 | NEUTRAL | The Stochastics value for ALEC is a neutral value. |
| Average True Range in percent/ATR (20) | 10.16 | HIGH VOLATILITY | The high ATR as a percentage value for ALEC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.91 | NEUTRAL | The ADX value for ALEC suggests a possible start of a new trend. |
ALEC Chart- and CandleStick Pattern Analysis
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)
ALEC Technicals: Chart, Performance Metrics, Trend & Indicators
2.06
+0.01 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.49%
1 Week-6.79%
2 Weeks-5.94%
1 Month-1.9%
3 Month42.07%
6 Month-33.55%
12 Month59.69%
2 Year-65.78%
3 Year-66.72%
5 Year-89.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%10.16%
ATR Inc-45.31%
Range Today0.12
ADR(20)0.19
ADR(20)%9.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.7
3 months CRS96.58
6 months CRS15.4
Mansfield1.24
10 Day High2.65
10 Day Low1.96
20 Day High2.65
20 Day Low1.89
52 Week High3.4
52 Week Low0.87
CS1 End1.81
CR1 Start2.07
Volume & EV
DER(3)6.11%
DER(5)5.24%
Volume408.74K
Volume Incr-14.05%
Vol(5)757.53K
Vol(50)911.47K
ALECTOR INC / ALEC TA 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 Bullish.
Can you provide the RSI signal for ALECTOR INC?
ALECTOR INC (ALEC) has an RSI value of 47.3774. 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 neutral.