ALLEGIANT TRAVEL CO (ALGT) Stock Technical Analysis
NASDAQ:ALGT - Nasdaq - US01748X1028 - Common Stock - Currency: USD
Taking everything into account, ALGT scores 6 out of 10 in our technical rating. In the past year, ALGT was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
ALGT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ALGT has a been trading in the 48.36 - 59.93 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, ALGT did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ALGT is part of the Passenger Airlines industry. There are 22 other stocks in this industry, ALGT did better than 66% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALGT has an average technical rating and it also 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
45.39
59.95
When analyzing the support we can see 3 important areas.
- Support @51.77 from a trend line in the daily time frame.
- A support zone ranging from 50.21 to 50.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @58.38 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 59.35 to 59.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for ALGT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALGT is up. |
| ChartMill Relative Strength | 82.26 | POSITIVE | ALGT has a high relative strength, it outperformed 82.26% 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 | MIXED | The current price of ALGT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.84 | NEUTRAL | The RSI value for ALGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests ALGT has a positive trend. |
| Stochastics (14,3) | 71.93 | NEUTRAL | The Stochastics value for ALGT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.54 | 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)
58.37
+3.42 (+6.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg6.22%
1 Week8.05%
2 Weeks7.62%
1 Month5.84%
3 Month25.39%
6 Month-37.86%
12 Month28.82%
2 Year-52.81%
3 Year-49.38%
5 Year-47.9%
10 Year-72.56%
15 Year31.49%
Volatility
ATR(14)2.8
ATR(20)%4.78%
ATR Inc25.73%
Range Today5.03
ADR(20)2.58
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.26
Mansfield-1.3
10 Day High59.93
10 Day Low48.36
20 Day High59.93
20 Day Low48.36
52 Week High107.57
52 Week Low36.09
CS1 End51.33
CR1 Start58.26
Volume & EV
DER(3)-1.42%
DER(5)0.88%
Volume866.78K
Volume Incr24.1%
Vol(5)460.33K
Vol(50)443.14K