ALLEGIANT TRAVEL CO (ALGT) Stock Technical Analysis
NASDAQ:ALGT - US01748X1028 - Common Stock
62.51 USD
+0.47 (+0.76%)
62.51 USD
0 (0%)
Overall ALGT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ALGT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ALGT has a been trading in the 42.56 - 63.89 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ALGT did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ALGT is part of the Passenger Airlines industry. There are 22 other stocks in this industry, ALGT did better than 57% of them.
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.
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
46.61
63.15
When analyzing the support we can see 4 important areas.
- Support @58.12 from a trend line in the daily time frame.
- A support zone ranging from 55.19 to 55.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.18 to 49.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.08 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.52 to 62.52. This zone is formed by a combination of multiple trend lines 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 | 86.39 | POSITIVE | ALGT has a high relative strength, it outperformed 86.39% 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) | DOWN | NEGATIVE | The current price of ALGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.24 | NEUTRAL | The RSI value for ALGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests ALGT has a positive trend. |
| Stochastics (14,3) | 91.77 | OVERBOUGHT | The high Stochastics value suggests ALGT may be overbought. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.8 | NEGATIVE | The low ADX value for ALGT suggests a weak or negative 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)
62.51
+0.47 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0.76%
1 Week11.74%
2 Weeks1.96%
1 Month23.37%
3 Month12.47%
6 Month-14.95%
12 Month48.55%
2 Year-29.64%
3 Year-35.22%
5 Year-51.39%
10 Year-69.25%
15 Year66.12%
Volatility
ATR(14)2.93
ATR(20)%4.97%
ATR Inc-23.82%
Range Today2
ADR(20)2.96
ADR(20)%4.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.39
Mansfield-1.16
10 Day High63.89
10 Day Low53.7
20 Day High63.89
20 Day Low42.56
52 Week High107.57
52 Week Low39.1
CS1 End58.12
CR1 Start62.52
Volume & EV
DER(3)2.19%
DER(5)1.98%
Volume442.10K
Volume Incr-31.06%
Vol(5)364.02K
Vol(50)449.67K