Taking everything into account, ALEC scores 1 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.
Although the technical rating is bad, ALEC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.50. Right above this resistance zone may be a good entry point.
More info and screens
1.15
3 important support areas can be observed.
- 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 @1.22 from a horizontal line in the weekly time frame.
- Support @1.16 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.50 to 1.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.76 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 | NEUTRAL | NEUTRAL | The short term trend for ALEC is neutral. |
| ChartMill Relative Strength | 7.71 | NEGATIVE | ALEC has a low relative strength, it was outperformed by 92.29% 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 | NEGATIVE | The current price of ALEC is below 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) | 48.99 | NEUTRAL | The RSI value for ALEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ALEC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.7 | NEUTRAL | The Stochastics value for ALEC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.47 | HIGH VOLATILITY | The high ATR as a percentage value for ALEC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.85 | NEUTRAL | The ADX value for ALEC suggests a possible start of a new trend. |
1.39
+0.04 (+2.96%)
ALECTOR INC / ALEC FAQ
What is the ChartMill technical rating of ALECTOR INC (ALEC) stock?
ChartMill assigns a technical rating of 1 / 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 48.9925. 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 0.0482785, 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 1.5. Check the full technical report for our detailed analysis of ALEC support and resistance levels.