ALIGOS THERAPEUTICS INC (ALGS) Stock Technical Analysis
USA - NASDAQ:ALGS - US01626L2043 - Common Stock
9.43 USD
-0.78 (-7.64%)
9.19 USD
-0.24 (-2.55%)
Taking everything into account, ALGS scores 6 out of 10 in our technical rating. In the last year, ALGS was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that ALGS is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ALGS is an average performer in the Biotechnology industry, it outperforms 64% of 536 stocks in the same industry.
In the last month ALGS has a been trading in the 8.90 - 11.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALGS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.85
10.87
We found 2 important support areas.
- A support zone ranging from 9.39 to 9.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.94 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.83 to 10.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.76 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 | 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 | 82.01 | POSITIVE | ALGS has a high relative strength, it outperformed 82.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALGS is below a declining 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) | 45.17 | NEUTRAL | The RSI value for ALGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ALGS has a negative trend. |
| Stochastics (14,3) | 38.21 | NEUTRAL | The Stochastics value for ALGS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.38 | HIGH VOLATILITY | The high ATR as a percentage value for ALGS suggests high volalility. |
| Average Directional Index/ADX (14) | 16.27 | NEGATIVE | The low ADX value for ALGS 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.22 | 9.38 | 0.84 (8.22%) | 12.17% |
| An entry @10.22. This is a Buy Stop order right above the resistance zone. | An exit @9.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.84 points, which is 8.22%. | For a 1.00% total portfolio risk, you can invest 12.17% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALGS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.43
-0.78 (-7.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-7.64%
1 Week-6.36%
2 Weeks-3.68%
1 Month-7.55%
3 Month12.8%
6 Month131.13%
12 Month23.75%
2 Year-37.13%
3 Year-64.08%
5 Year-97.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%8.38%
ATR Inc2.7%
Range Today1.03
ADR(20)0.74
ADR(20)%7.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.01
Mansfield-4.05
10 Day High10.7
10 Day Low9.15
20 Day High11.39
20 Day Low8.9
52 Week High46.8
52 Week Low3.76
CS1 End9.42
CR1 Start9.83
Volume & EV
DER(3)-5.47%
DER(5)-8.42%
Volume115.10K
Volume Incr41.05%
Vol(5)95.82K
Vol(50)72.68K