ALLEGIANT TRAVEL CO (ALGT) Stock Technical Analysis
USA - NASDAQ:ALGT - US01748X1028 - Common Stock
61 USD
-1.51 (-2.42%)
60.85 USD
-0.15 (-0.25%)
Overall ALGT gets a technical rating of 8 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ALGT is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ALGT is an average performer in the Passenger Airlines industry, it outperforms 44% of 21 stocks in the same industry.
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.
In the last month ALGT has a been trading in the 56.64 - 67.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ALGT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 62.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.99, a Stop Loss order could be placed below this zone.
More info and screens
47.06
66.50
When analyzing the support we can see 4 important areas.
- A support zone ranging from 60.75 to 60.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.58 from a trend line in the daily time frame.
- Support @49.97 from a trend line in the weekly time frame.
- Support @47.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 62.63 to 63.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @64.75 from a horizontal line in the weekly time frame.
- Resistance @65.84 from a horizontal line 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 | UP | POSITIVE | The long term trend for ALGT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALGT is neutral. |
| ChartMill Relative Strength | 82.98 | POSITIVE | ALGT has a high relative strength, it outperformed 82.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALGT is below 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) | 50.42 | NEUTRAL | The RSI value for ALGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests ALGT has a negative trend. |
| Stochastics (14,3) | 25.3 | NEUTRAL | The Stochastics value for ALGT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.64 | 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)
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 |
|---|---|---|---|
| 63.27 | 60.74 | 2.53 (4.00%) | 25.00% |
| An entry @63.27. This is a Buy Stop order right above the resistance zone. | An exit @60.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.53 points, which is 4.00%. | For a 1.00% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
61
-1.51 (-2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-2.42%
1 Week-5.78%
2 Weeks-5.47%
1 Month9.12%
3 Month21.47%
6 Month10.99%
12 Month33.16%
2 Year-20.63%
3 Year-16.42%
5 Year-49.08%
10 Year-71.79%
15 Year44.14%
Volatility
ATR(14)3.23
ATR(20)%4.98%
ATR Inc-10.99%
Range Today2.57
ADR(20)2.99
ADR(20)%4.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.98
Mansfield-1.68
10 Day High65.52
10 Day Low60
20 Day High67.34
20 Day Low56.64
52 Week High107.57
52 Week Low39.8
CS1 End60.99
CR1 Start62.63
Volume & EV
DER(3)1.42%
DER(5)2.26%
Volume712.20K
Volume Incr23.7%
Vol(5)449.54K
Vol(50)435.90K