ALIGNMENT HEALTHCARE INC (ALHC) Stock Technical Analysis
NASDAQ:ALHC - Nasdaq - US01625V1044 - Common Stock - Currency: USD
Overall ALHC gets a technical rating of 1 out of 10. ALHC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ALHC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALHC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we notice one important area.
- A support zone ranging from 13.13 to 13.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 14.22 to 14.44. 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 ALHC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALHC is down. |
| ChartMill Relative Strength | 55.06 | NEUTRAL | ALHC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALHC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALHC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ALHC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.12 | NEUTRAL | The RSI value for ALHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.62 | NEUTRAL | The Stochastics value for ALHC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for ALHC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.67 | NEGATIVE | The low ADX value for ALHC suggests a weak or negative trend. |
13.37
-0.01 (-0.07%)