ALIGNMENT HEALTHCARE INC (ALHC) Stock Technical Analysis
USA - NASDAQ:ALHC - US01625V1044 - Common Stock
16.33 USD
-0.16 (-0.97%)
16.58 USD
+0.25 (+1.53%)
Overall ALHC gets a technical rating of 7 out of 10. In the last year, ALHC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ALHC has a been trading in the 16.25 - 18.64 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ALHC is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by ALHC over the past year are nicely spread over this period.
ALHC has an average volume of 3368220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
ALHC is an average performer in the Health Care Providers & Services industry, it outperforms 67% of 100 stocks in the same industry.
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.
Besides having an excellent technical rating, ALHC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
12.20
18.39
When analyzing the support we can see 4 important areas.
- A support zone ranging from 16.32 to 16.32. 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 @13.32 from a trend line in the weekly time frame.
- Support @12.32 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 16.96 to 17.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @17.53 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 18.13 to 18.21. 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 | UP | POSITIVE | The long term trend for ALHC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALHC is down. |
| ChartMill Relative Strength | 81.35 | POSITIVE | ALHC has a high relative strength, it outperformed 81.35% off all stocks 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) | UP | MIXED | The current price of ALHC is below 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) | 39.34 | NEUTRAL | The RSI value for ALHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ALHC has a negative trend. |
| Stochastics (14,3) | 12.34 | OVERSOLD | The low Stochastics value suggests ALHC may be oversold. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for ALHC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.45 | NEGATIVE | The low ADX value for ALHC 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 |
|---|---|---|---|
| 17.25 | 16.31 | 0.94 (5.45%) | 18.35% |
| An entry @17.25. This is a Buy Stop order right above the resistance zone. | An exit @16.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.94 points, which is 5.45%. | For a 1.00% total portfolio risk, you can invest 18.35% 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.
16.33
-0.16 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.97%
1 Week-3.14%
2 Weeks-6.74%
1 Month-5.66%
3 Month12.54%
6 Month8%
12 Month19.46%
2 Year117.73%
3 Year22.78%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%4.05%
ATR Inc-8.01%
Range Today0.65
ADR(20)0.65
ADR(20)%4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.35
3 months CRS81.36
6 months CRS52.91
Mansfield-0.12
10 Day High18.64
10 Day Low16.25
20 Day High18.64
20 Day Low16.25
52 Week High21.06
52 Week Low10.18
CS1 End16.32
CR1 Start16.96
Volume & EV
DER(3)0.53%
DER(5)-0.97%
Volume1.74M
Volume Incr-5.3%
Vol(5)2.37M
Vol(50)3.37M
ALIGNMENT HEALTHCARE INC / ALHC FAQ
What is the technical rating for ALHC stock?
ChartMill assigns a technical rating of 7 / 10 to ALHC.
What is the current trend direction of ALIGNMENT HEALTHCARE INC (ALHC) stock?
The current trend direction for ALIGNMENT HEALTHCARE INC (ALHC) is Bullish.
What is the RSI signal for ALIGNMENT HEALTHCARE INC (ALHC) stock?
ALIGNMENT HEALTHCARE INC (ALHC) has an RSI value of 39.3421. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALIGNMENT HEALTHCARE INC?
The MACD indicator for ALIGNMENT HEALTHCARE INC (ALHC) has a value of -0.163569, indicating a bearish trend.
What is the short term momentum for ALIGNMENT HEALTHCARE INC (ALHC) stock?
The short term momentum for ALIGNMENT HEALTHCARE INC (ALHC) is negative.