ALLEGIANT TRAVEL CO (ALGT) Technical Analysis
NASDAQ:ALGT • US01748X1028
Current stock price
ALGT Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to ALGT. Although ALGT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ALGT has a been trading in the 75.99 - 95.72 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that ALGT is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, ALGT also shows a nice and consistent pattern of rising prices.
- ALGT is part of the Passenger Airlines industry. There are 22 other stocks in this industry. ALGT outperforms 85% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ALGT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALGT is lagging the market.
ALGT Weekly and Daily overview Charts
ALGT Setup Rating and Analysis
ALGT has an average technical rating and also the quality of the setup is only medium 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
ALGT Support and Resistance Analysis
51.78
We found 2 important support areas.
- A support zone ranging from 74.66 to 75.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.30 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 79.07 to 79.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 88.50 to 89.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ALGT Technical Indicator Signal Analysis
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 ALGT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALGT is down. |
| ChartMill Relative Strength | 83.36 | POSITIVE | ALGT has a high relative strength, it outperformed 83.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALGT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALGT is below a declining 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) | 42.26 | NEUTRAL | The RSI value for ALGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests ALGT has a negative trend. |
| Stochastics (14,3) | 9.66 | OVERSOLD | The low Stochastics value suggests ALGT may be oversold. |
| Average True Range in percent/ATR (20) | 6.9 | HIGH VOLATILITY | The high ATR as a percentage value for ALGT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.37 | NEGATIVE | The low ADX value for ALGT suggests a weak or negative trend. |
ALGT Chart- and CandleStick Pattern Analysis
ALGT Technicals: Chart, Performance Metrics, Trend & Indicators
79.06
+0.32 (+0.41%)
ALLEGIANT TRAVEL CO / ALGT TA FAQ
Can you provide the ChartMill technical rating for ALLEGIANT TRAVEL CO?
ChartMill assigns a technical rating of 4 / 10 to ALGT.
What is the trend direction for ALGT stock?
The current trend direction for ALLEGIANT TRAVEL CO (ALGT) is Bearish.
What is the RSI signal for ALLEGIANT TRAVEL CO (ALGT) stock?
ALLEGIANT TRAVEL CO (ALGT) has an RSI value of 42.2607. This indicates that the stock is currently neutral.
What is the MACD signal for ALGT stock?
The MACD indicator for ALLEGIANT TRAVEL CO (ALGT) has a value of -0.476174, indicating a bearish trend.
Can you provide the short term momentum for ALLEGIANT TRAVEL CO?
The short term momentum for ALLEGIANT TRAVEL CO (ALGT) is negative.