ALECTOR INC (ALEC) Stock Technical Analysis
NASDAQ:ALEC - Nasdaq - US0144421072 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to ALEC. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALEC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ALEC is a bad performer in the overall market: 75% of all stocks are doing better.
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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month ALEC has a been trading in the 1.34 - 1.75 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ALEC is part of the Biotechnology industry. There are 558 other stocks in this industry, ALEC did better than 56% of them.
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 a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.38, a Stop Loss order could be placed below this zone.
More info and screens
1.36
1.74
We found 1 important support area.
- A support zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.72 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 | 25.69 | NEGATIVE | ALEC has a low relative strength, it was outperformed by 74.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALEC is above 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) | DOWN | NEGATIVE | The current price of ALEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.27 | NEUTRAL | The RSI value for ALEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALEC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.02 | OVERBOUGHT | The high Stochastics value suggests ALEC may be overbought. |
| Average True Range in percent/ATR (20) | 7.51 | HIGH VOLATILITY | The high ATR as a percentage value for ALEC suggests high volalility. |
| Average Directional Index/ADX (14) | 13.46 | 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)
1.61
-0.11 (-6.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.4%
1 Week6.62%
2 Weeks7.33%
1 Month-1.23%
3 Month69.47%
6 Month-10.56%
12 Month-70.94%
2 Year-76.53%
3 Year-84.25%
5 Year-89.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%7.51%
ATR Inc3.64%
Range Today0.1
ADR(20)0.12
ADR(20)%7.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.69
Mansfield-4.85
10 Day High1.75
10 Day Low1.34
20 Day High1.75
20 Day Low1.34
52 Week High6.78
52 Week Low0.87
CS1 End1.38
CR1 Start1.72
Volume & EV
DER(3)-1.41%
DER(5)-1.06%
Volume254.30K
Volume Incr-18.27%
Vol(5)458.50K
Vol(50)867.39K