ALIGNMENT HEALTHCARE INC (ALHC) Stock Technical Analysis
NASDAQ:ALHC - Nasdaq - US01625V1044 - Common Stock - Currency: USD
Taking everything into account, ALHC scores 4 out of 10 in our technical rating. Although ALHC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month ALHC has a been trading in the 13.70 - 18.04 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, ALHC did better than 96% of all other stocks. On top of that, ALHC also shows a nice and consistent pattern of rising prices.
ALHC is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. ALHC outperforms 91% of them.
ALHC has an average volume of 3487000 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, the long term trend is neutral. Not much exciting going on here.
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.
ALHC has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.03
16.40
We found 3 important support areas.
- A support zone ranging from 14.36 to 14.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.04 to 14.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.15 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.66 to 15.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.24 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 | 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 | 96.23 | POSITIVE | ALHC has a high relative strength, it outperformed 96.23% 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) | 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) | 37.35 | NEUTRAL | The RSI value for ALHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ALHC has a negative trend. |
| Stochastics (14,3) | 35.67 | NEUTRAL | The Stochastics value for ALHC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.99 | HIGH VOLATILITY | The high ATR as a percentage value for ALHC suggests high volalility. |
| Average Directional Index/ADX (14) | 34.67 | POSITIVE | The high ADX value value for ALHC suggests a strong 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)
14.48
-0.01 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.07%
1 Week-8.24%
2 Weeks-4.23%
1 Month-17.35%
3 Month9.86%
6 Month20.17%
12 Month102.24%
2 Year146.68%
3 Year35.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%5.99%
ATR Inc-26.05%
Range Today0.37
ADR(20)0.83
ADR(20)%5.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.23
Mansfield1.52
10 Day High16.3
10 Day Low13.7
20 Day High18.04
20 Day Low13.7
52 Week High21.06
52 Week Low6.92
CS1 End14.47
CR1 Start15.66
Volume & EV
DER(3)2.75%
DER(5)2.07%
Volume2.35M
Volume Incr2.39%
Vol(5)3.59M
Vol(50)3.49M