ALECTOR INC (ALEC) Stock Technical Analysis
NASDAQ:ALEC - US0144421072 - Common Stock
2.4 USD
+0.04 (+1.69%)
2.4 USD
0 (0%)
Taking everything into account, ALEC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALEC is only an average performer.
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.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ALEC has a been trading in the 1.42 - 2.56 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ALEC did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ALEC is an average performer in the Biotechnology industry, it outperforms 67% of 547 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
1.44
3.85
4 important support areas can be observed.
- Support @2.12 from a horizontal line in the daily time frame.
- Support @1.59 from a trend line in the weekly time frame.
- Support @1.51 from a trend line in the daily time frame.
- Support @1.45 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.50 to 2.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.49 from a trend line in the weekly time frame.
- Resistance @3.81 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 | 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 | 71.09 | POSITIVE | ALEC has a high relative strength, it outperformed 71.09% 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 | MIXED | The current price of ALEC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.96 | 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) | 82.16 | OVERBOUGHT | The high Stochastics value suggests ALEC may be overbought. |
| Average True Range in percent/ATR (20) | 9.35 | HIGH VOLATILITY | The high ATR as a percentage value for ALEC suggests high volalility. |
| Average Directional Index/ADX (14) | 35.99 | POSITIVE | The high ADX value value for ALEC suggests a strong 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)
2.4
+0.04 (+1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.69%
1 Week8.64%
2 Weeks9.63%
1 Month49.38%
3 Month79.7%
6 Month45.73%
12 Month-54.73%
2 Year-56.15%
3 Year-76.91%
5 Year-81.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%9.35%
ATR Inc-45.96%
Range Today0.22
ADR(20)0.22
ADR(20)%9.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.09
Mansfield-0.97
10 Day High2.56
10 Day Low2.03
20 Day High2.56
20 Day Low1.42
52 Week High6.37
52 Week Low0.87
CS1 End2.12
CR1 Start2.5
Volume & EV
DER(3)12.61%
DER(5)8.33%
Volume683.75K
Volume Incr-46.81%
Vol(5)834.14K
Vol(50)951.66K