ALLEGIANT TRAVEL CO (ALGT) Stock Technical Analysis
NASDAQ:ALGT - Nasdaq - US01748X1028 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ALGT. ALGT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ALGT is a bad performer in the overall market: 85% of all stocks are doing better.
ALGT is part of the Passenger Airlines industry. There are 23 other stocks in this industry, of which 68% are performing better than ALGT.
ALGT is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month ALGT has a been trading in the 39.80 - 52.14 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of ALGT is bad and it also does not present a 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
39.62
98.87
When analyzing the support we can see 4 important areas.
- A support zone ranging from 45.75 to 45.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @44.15 from a horizontal line in the weekly time frame.
- Support @41.14 from a trend line in the daily time frame.
- Support @40.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 50.96 to 50.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @97.89 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.45
Mansfield-1.77
10 Day High52.14
10 Day Low39.8
20 Day High52.14
20 Day Low39.8
52 Week High107.57
52 Week Low36.09
Performance
1 Week10.47%
2 Weeks15.38%
1 Month4.6%
3 Month-50.26%
6 Month-19.14%
12 Month-8.41%
2 Year-47.74%
3 Year-65.91%
5 Year-52.18%
10 Year-67.64%
15 Year-7.85%
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)
Technical Indicators
MACD(12,26,9)1.39
RSI(14)53.57
LBB40.63
UBB50.36
50.95
+3.23 (+6.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg6.77%
1 Week10.47%
2 Weeks15.38%
1 Month4.6%
3 Month-50.26%
6 Month-19.14%
12 Month-8.41%
2 Year-47.74%
3 Year-65.91%
5 Year-52.18%
10 Year-67.64%
15 Year-7.85%
Volatility
ATR(14)3.06
ATR(20)%7.89%
ATR Inc2.56%
Range Today3.71
ADR(20)3.66
ADR(20)%7.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.45
Mansfield-1.77
10 Day High52.14
10 Day Low39.8
20 Day High52.14
20 Day Low39.8
52 Week High107.57
52 Week Low36.09
CS1 End45.93
CR1 Start50.96
Volume & EV
DER(3)1.03%
DER(5)1.69%
Volume476.50K
Volume Incr-8.88%
Vol(5)457.62K
Vol(50)506.81K