ALIGNMENT HEALTHCARE INC (ALHC) Technical Analysis
NASDAQ:ALHC • US01625V1044
Taking everything into account, ALHC scores 1 out of 10 in our technical rating. 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.
- In the last month ALHC has a been trading in the 18.19 - 21.77 range, which is quite wide. It is currently trading near the lows of this range.
- ALHC has an average volume of 2947650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, ALHC outperforms 67% of them, which is more or less in line with the market.
- ALHC is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, ALHC did better than 66% of them.
- ALHC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALHC is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ALHC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.43, a Stop Loss order could be placed below this zone.
More info and screens
12.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.43 to 18.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.86 from a horizontal line in the daily time frame.
- Support @12.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.60 to 20.85. This zone is formed by a combination of multiple trend lines and important moving averages 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 ALHC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALHC is down. |
| ChartMill Relative Strength | 67.72 | 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 | POSITIVE | The current price of ALHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.58 | NEUTRAL | The RSI value for ALHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ALHC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.26 | OVERSOLD | The low Stochastics value suggests ALHC may be oversold. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for ALHC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.28 | POSITIVE | The high ADX value value for ALHC suggests a strong trend. |
ALHC Technicals: Chart, Performance Metrics, Trend & Indicators
18.44
-0.13 (-0.7%)
ALIGNMENT HEALTHCARE INC / ALHC FAQ
Can you provide the ChartMill technical rating for ALIGNMENT HEALTHCARE INC?
ChartMill assigns a technical rating of 1 / 10 to ALHC.
Can you provide the trend direction for ALIGNMENT HEALTHCARE INC?
The current trend direction for ALIGNMENT HEALTHCARE INC (ALHC) is Bearish.
What is the RSI signal for ALHC stock?
ALIGNMENT HEALTHCARE INC (ALHC) has an RSI value of 36.579. This indicates that the stock is currently neutral.
What is the short term momentum for ALIGNMENT HEALTHCARE INC (ALHC) stock?
The short term momentum for ALIGNMENT HEALTHCARE INC (ALHC) is negative.
What is the support and resistance level for ALHC stock?
ALIGNMENT HEALTHCARE INC (ALHC) has a support level at 18.43 and a resistance level at 20.6. Check the full technical report for our detailed analysis of ALHC support and resistance levels.