Taking everything into account, ALGT scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALGT is only an average performer.
Besides having an excellent technical rating, ALGT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
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5 important support areas can be observed.
- A support zone ranging from 82.90 to 83.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @70.44 from a trend line in the weekly time frame.
- Support @63.44 from a trend line in the daily time frame.
- A support zone ranging from 58.49 to 59.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @53.66 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 85.52 to 85.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 79.83 | POSITIVE | ALGT has a high relative strength, it outperformed 79.83% 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) | 63.15 | NEUTRAL | The RSI value for ALGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests ALGT has a negative trend. |
| Stochastics (14,3) | 36.2 | NEUTRAL | The Stochastics value for ALGT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGT suggests some volalility. |
| Average Directional Index/ADX (14) | 32.17 | POSITIVE | The high ADX value value for ALGT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 85.87 | 82.89 | 2.98 (3.47%) | 25.00% |
| An entry @85.87. This is a Buy Stop order right above the resistance zone. | An exit @82.89. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.98 points, which is 3.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- The distance between exit and entry is rather small compared to the average daily movement of ALGT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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ALLEGIANT TRAVEL CO / ALGT FAQ
Can you provide the ChartMill technical rating for ALLEGIANT TRAVEL CO?
ChartMill assigns a technical rating of 8 / 10 to ALGT.
What is the current trend direction of ALLEGIANT TRAVEL CO (ALGT) stock?
The current trend direction for ALLEGIANT TRAVEL CO (ALGT) is Bullish.
What is the RSI signal for ALGT stock?
ALLEGIANT TRAVEL CO (ALGT) has an RSI value of 63.1499. 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.