ALGS Technical Analysis - ALIGOS THERAPEUTICS INC

Technical Rating and Analysis

Taking everything into account, ALGS scores 6 out of 10 in our technical rating. In the last year, ALGS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

ALGS 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.

In the last month ALGS has a been trading in the 8.29 - 11.70 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.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When comparing the performance of all stocks over the past year, ALGS turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.

ALGS is an average performer in the Biotechnology industry, it outperforms 63% of 540 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALIGOS THERAPEUTICS INC / ALGS Weekly stock chart

ALIGOS THERAPEUTICS INC / ALGS Daily stock chart

Setup Rating and Analysis

ALGS has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.07

11.44

2 important support areas can be observed.

Support @8.55 from a trend line in the daily time frame.
Support @7.14 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 10.39 to 10.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @11.33 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for ALGS is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALGS is neutral.
ChartMill Relative Strength	58.76	NEUTRAL	ALGS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ALGS is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ALGS is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ALGS is below a declining SMA(200).
Relative Strength Index/RSI (14)	40.5	NEUTRAL	The RSI value for ALGS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.26	NEGATIVE	The MACD value suggests ALGS has a negative trend.
Stochastics (14,3)	7.08	OVERSOLD	The low Stochastics value suggests ALGS may be oversold.
Average True Range in percent/ATR (20)	9.84	HIGH VOLATILITY	The high ATR as a percentage value for ALGS suggests high volalility.
Average Directional Index/ADX (14)	28.39	POSITIVE	The high ADX value value for ALGS suggests a strong trend.