Overall ALGT gets a technical rating of 3 out of 10. ALGT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, ALGT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 70.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.24, a Stop Loss order could be placed below this zone.
More info and screens
51.82
4 important support areas can be observed.
- A support zone ranging from 64.96 to 65.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.02 to 59.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.15 from a trend line in the daily time frame.
- Support @52.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.89 to 72.57. 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 | NEUTRAL | NEUTRAL | The long term trend for ALGT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALGT is neutral. |
| ChartMill Relative Strength | 36.28 | NEUTRAL | ALGT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALGT is above a declining 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 | MIXED | The current price of ALGT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.48 | NEUTRAL | The RSI value for ALGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests ALGT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.96 | NEUTRAL | The Stochastics value for ALGT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for ALGT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.78 | NEGATIVE | The low ADX value for ALGT suggests a weak or negative trend. |
65.45
+3.68 (+5.96%)
ALLEGIANT TRAVEL CO / ALGT FAQ
Can you provide the ChartMill technical rating for ALLEGIANT TRAVEL CO?
ChartMill assigns a technical rating of 3 / 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 Bearish.
What is the RSI signal for ALGT stock?
ALLEGIANT TRAVEL CO (ALGT) has an RSI value of 51.4762. 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 neutral.