Taking everything into account, ALGS scores 4 out of 10 in our technical rating. In the last year, ALGS was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ALGS has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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6.15
When analyzing the support we notice one important area.
- Support @6.21 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @9.87 from a horizontal line in the daily time frame.
- Resistance @11.08 from a trend 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 | UP | POSITIVE | The short term trend for ALGS is up. |
| ChartMill Relative Strength | 8.39 | NEGATIVE | ALGS has a low relative strength, it was outperformed by 91.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ALGS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ALGS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.57 | NEUTRAL | The RSI value for ALGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests ALGS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.29 | OVERBOUGHT | The high Stochastics value suggests ALGS may be overbought. |
| Average True Range in percent/ATR (20) | 7.79 | HIGH VOLATILITY | The high ATR as a percentage value for ALGS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for ALGS suggests a possible start of a new trend. |
9.58
-0.28 (-2.84%)
ALIGOS THERAPEUTICS INC / ALGS FAQ
Can you provide the ChartMill technical rating for ALIGOS THERAPEUTICS INC?
ChartMill assigns a technical rating of 4 / 10 to ALGS.
Can you provide the trend direction for ALIGOS THERAPEUTICS INC?
The current trend direction for ALIGOS THERAPEUTICS INC (ALGS) is Bearish.
What is the RSI signal for ALIGOS THERAPEUTICS INC (ALGS) stock?
ALIGOS THERAPEUTICS INC (ALGS) has an RSI value of 61.5732. This indicates that the stock is currently neutral.
What are the support and resistance levels for ALIGOS THERAPEUTICS INC (ALGS) stock?
ALIGOS THERAPEUTICS INC (ALGS) has a support level at 6.21 and a resistance level at 9.87. Check the full technical report for our detailed analysis of ALGS support and resistance levels.