ALIGNMENT HEALTHCARE INC (ALHC) Technical Analysis
NASDAQ:ALHC • US01625V1044
Current stock price
ALHC Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ALHC. Although ALHC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- ALHC is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 75% of 100 stocks in the same industry.
- ALHC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALHC is lagging the market slightly.
- ALHC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- ALHC has an average volume of 3220900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, ALHC turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
ALHC Weekly and Daily overview Charts
ALHC Setup Rating and Analysis
ALHC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ALHC Support and Resistance Analysis
13.11
4 important support areas can be observed.
- A support zone ranging from 20.83 to 20.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.21 to 17.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.33 to 16.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.24 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.13 to 21.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ALHC Technical Indicator Signal Analysis
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 ALHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALHC is up. |
| ChartMill Relative Strength | 67.71 | NEUTRAL | ALHC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALHC is above the rising 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) | 57.4 | 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) | 39.96 | NEUTRAL | The Stochastics value for ALHC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ALHC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.47 | POSITIVE | The high ADX value value for ALHC suggests a strong trend. |
ALHC Chart- and CandleStick Pattern Analysis
ALHC Example Setup
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 |
|---|---|---|---|
| 21.67 | 20.82 | 0.85 (3.92%) | 25.00% |
| An entry @21.67. This is a Buy Stop order right above the resistance zone. | An exit @20.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.85 points, which is 3.92%. | For a 0.98% 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 ALHC. 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.
ALHC Technicals: Chart, Performance Metrics, Trend & Indicators
20.95
-0.18 (-0.85%)
ALIGNMENT HEALTHCARE INC / ALHC TA FAQ
Can you provide the ChartMill technical rating for ALIGNMENT HEALTHCARE INC?
ChartMill assigns a technical rating of 8 / 10 to ALHC.
Can you provide the trend direction for ALIGNMENT HEALTHCARE INC?
The current trend direction for ALIGNMENT HEALTHCARE INC (ALHC) is Bullish.
Can you provide the RSI signal for ALIGNMENT HEALTHCARE INC?
ALIGNMENT HEALTHCARE INC (ALHC) has an RSI value of 57.4029. This indicates that the stock is currently neutral.
What is the MACD signal for ALHC stock?
The MACD indicator for ALIGNMENT HEALTHCARE INC (ALHC) has a value of 0.0113141, indicating a bearish trend.
What is the buy/sell signal for ALIGNMENT HEALTHCARE INC (ALHC) stock?
The buy/sell signal for ALIGNMENT HEALTHCARE INC (ALHC) is buy as both the short term and long term trends are positive.