Overall ALGT gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALGT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- ALGT is part of the Passenger Airlines industry. There are 22 other stocks in this industry. ALGT outperforms 85% of them.
- ALGT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ALGT has a been trading in the 84.01 - 118.00 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, ALGT did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong 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 ALGT 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
67.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 89.30 to 91.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.07 from a horizontal line in the daily time frame.
- Support @77.88 from a trend line in the weekly time frame.
- Support @68.09 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 | UP | POSITIVE | The long term trend for ALGT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALGT is up. |
| ChartMill Relative Strength | 91.9 | POSITIVE | ALGT has a high relative strength, it outperformed 91.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.1 | NEUTRAL | The RSI value for ALGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.25 | POSITIVE | The MACD value suggests ALGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.48 | OVERBOUGHT | The high Stochastics value suggests ALGT may be overbought. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGT suggests some volalility. |
| Average Directional Index/ADX (14) | 35.75 | POSITIVE | The high ADX value value for ALGT suggests a strong trend. |
109.33
-5.01 (-4.38%)
ALLEGIANT TRAVEL CO / ALGT FAQ
Can you provide the ChartMill technical rating for ALLEGIANT TRAVEL CO?
ChartMill assigns a technical rating of 9 / 10 to ALGT.
What is the trend direction for ALGT stock?
The current trend direction for ALLEGIANT TRAVEL CO (ALGT) is Bullish.
Can you provide the RSI signal for ALLEGIANT TRAVEL CO?
ALLEGIANT TRAVEL CO (ALGT) has an RSI value of 68.0961. This indicates that the stock is currently neutral.
What is the short term momentum for ALGT stock?
The short term momentum for ALLEGIANT TRAVEL CO (ALGT) is positive.
What is the buy/sell signal for ALLEGIANT TRAVEL CO (ALGT) stock?
The buy/sell signal for ALLEGIANT TRAVEL CO (ALGT) is buy as both the short term and long term trends are positive.