ALIGOS THERAPEUTICS INC (ALGS) Stock Technical Analysis
NASDAQ:ALGS - US01626L2043 - Common Stock
10.2 USD
+0.36 (+3.66%)
10.1 USD
-0.1 (-0.98%)
Overall ALGS gets a technical rating of 8 out of 10. In the last year, ALGS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ALGS is one of the better performing stocks in the Biotechnology industry, it outperforms 77% of 547 stocks in the same industry.
In the last month ALGS has a been trading in the 7.01 - 10.83 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ALGS is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ALGS has an excellent technical rating, it 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.
More info and screens
7.07
10.30
We found 2 important support areas.
- Support @7.81 from a trend line in the daily time frame.
- Support @7.14 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 | UP | POSITIVE | The short term trend for ALGS is up. |
| ChartMill Relative Strength | 86.26 | POSITIVE | ALGS has a high relative strength, it outperformed 86.26% 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) | UP | POSITIVE | The current price of ALGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ALGS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.95 | OVERBOUGHT | The high RSI value suggests ALGS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests ALGS has a positive trend. |
| Stochastics (14,3) | 88.97 | OVERBOUGHT | The high Stochastics value suggests ALGS may be overbought. |
| Average True Range in percent/ATR (20) | 8.19 | HIGH VOLATILITY | The high ATR as a percentage value for ALGS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.06 | NEUTRAL | The ADX value for ALGS suggests a possible start of a new 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)
10.2
+0.36 (+3.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.66%
1 Week32.47%
2 Weeks32.64%
1 Month11.72%
3 Month85.45%
6 Month-45.25%
12 Month-26.25%
2 Year-52.61%
3 Year-67.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%8.19%
ATR Inc114.71%
Range Today1.44
ADR(20)0.83
ADR(20)%8.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.26
Mansfield-3.6
10 Day High10.83
10 Day Low7.3
20 Day High10.83
20 Day Low7.01
52 Week High46.8
52 Week Low3.76
CS1 End7.81
CR1 StartN/A
Volume & EV
DER(3)-6.73%
DER(5)-3.62%
Volume112.70K
Volume Incr48.56%
Vol(5)92.86K
Vol(50)82.35K