ALLEGIANT TRAVEL CO (ALGT) Stock Technical Analysis
NASDAQ:ALGT - Nasdaq - US01748X1028 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to ALGT. In the past year, ALGT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
74% of all other stocks performed better in the past year than ALGT.
ALGT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALGT is lagging the market.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ALGT is an average performer in the Passenger Airlines industry, it outperforms 59% of 23 stocks in the same industry.
In the last month ALGT has a been trading in the 47.03 - 60.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALGT has a poor technical rating and the quality of the setup is also not perfect 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
39.62
97.50
When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.86 to 54.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 50.84 to 51.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @45.08 from a trend line in the weekly time frame.
- Support @40.02 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 56.14 to 56.71. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @59.36 from a horizontal line in the daily time frame.
- Resistance @96.53 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ALGT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALGT is up. |
| ChartMill Relative Strength | 26.75 | NEGATIVE | ALGT has a low relative strength, it was outperformed by 73.25% 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 | MIXED | The current price of ALGT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.59 | NEUTRAL | The RSI value for ALGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests ALGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.64 | NEUTRAL | The Stochastics value for ALGT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for ALGT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.03 | NEUTRAL | The ADX value for ALGT 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)
55.69
-0.82 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-1.45%
1 Week8.22%
2 Weeks-1.14%
1 Month18.67%
3 Month-24.23%
6 Month-31.95%
12 Month4.68%
2 Year-42.88%
3 Year-62.74%
5 Year-47.73%
10 Year-64.63%
15 Year0.72%
Volatility
ATR(14)2.69
ATR(20)%5.38%
ATR Inc-35.51%
Range Today2.57
ADR(20)2.66
ADR(20)%4.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.75
Mansfield-1.33
10 Day High57.97
10 Day Low51
20 Day High60.89
20 Day Low47.03
52 Week High107.57
52 Week Low36.09
CS1 End54.68
CR1 Start56.14
Volume & EV
DER(3)1.01%
DER(5)0.21%
Volume409.70K
Volume Incr-19.32%
Vol(5)390.26K
Vol(50)482.79K