ALECTOR INC (ALEC) Stock Technical Analysis
NASDAQ:ALEC - Nasdaq - US0144421072 - Common Stock - Currency: USD
Overall ALEC gets a technical rating of 2 out of 10. 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.
When comparing the yearly performance of all stocks, ALEC is a bad performer in the overall market: 96% of all stocks are doing better.
ALEC is one of the lesser performing stocks in the Biotechnology industry. 72% of 562 stocks in the same industry do better.
ALEC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ALEC is lagging the market.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month ALEC has a been trading in the 0.97 - 1.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ALEC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. 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
1.09
1.39
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.16 to 1.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.10 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.26 from a trend line in the daily time frame.
- A resistance zone ranging from 1.30 to 1.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.38 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 | 4.76 | NEGATIVE | ALEC has a low relative strength, it was outperformed by 95.24% 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) | DOWN | NEGATIVE | The current price of ALEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.91 | 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) | 65.71 | NEUTRAL | The Stochastics value for ALEC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.52 | HIGH VOLATILITY | The high ATR as a percentage value for ALEC suggests high volalility. |
| Average Directional Index/ADX (14) | 15.22 | 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)
1.24
-0.07 (-5.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.34%
1 Week1.64%
2 Weeks5.98%
1 Month8.77%
3 Month-33.69%
6 Month-68.53%
12 Month-75.15%
2 Year-83.33%
3 Year-86%
5 Year-96.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%9.52%
ATR Inc-3.24%
Range Today0.07
ADR(20)0.11
ADR(20)%9.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.76
Mansfield-6.34
10 Day High1.42
10 Day Low1.01
20 Day High1.42
20 Day Low0.97
52 Week High6.78
52 Week Low0.87
CS1 End1.18
CR1 Start1.26
Volume & EV
DER(3)3.27%
DER(5)9.09%
Volume954.80K
Volume Incr24.72%
Vol(5)1.52M
Vol(50)939.78K