ALIGNMENT HEALTHCARE INC (ALHC)

US01625V1044 - Common Stock

8.32  +0.19 (+2.34%)

After market: 8.32 0 (0%)

Technical Rating and Analysis

9

Overall ALHC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ALHC has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
ALHC is part of the Health Care Providers & Services industry. There are 115 other stocks in this industry. ALHC outperforms 92% of them.
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.
When comparing the yearly performance of all stocks, we notice that ALHC is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Weekly and Daily overview Charts
ALHC Weekly chart
ALHC Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, ALHC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 8.31, a Stop Loss order could be placed below this zone. 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.
Support and Resistance Analysis

7.67

8.75

We found 2 important support areas.

  • A support zone ranging from 8.09 to 8.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 7.75 to 7.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • Resistance @8.35 from a trend line in the daily time frame.
  • Resistance @8.66 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.72
Mansfield1.11
10 Day High8.65
10 Day Low7.58
20 Day High8.65
20 Day Low6.89
52 Week High9.2
52 Week Low4.46
Performance
1 Week-0.24%
2 Weeks5.58%
1 Month19.03%
3 Month66.73%
6 Month4.92%
12 Month34.19%
2 Year-27.08%
3 Year-64.4%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)68.12
LBB7.24
UBB8.79
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.

ENTRYEXITDISTANCECAPITAL
8.368.080.28 (3.35%)25.00%
An entry @8.36. This is a Buy Stop order right above the resistance zone.An exit @8.08. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.28 points, which is 3.35%.For a 0.84% 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 Daily chart

ALIGNMENT HEALTHCARE INC

NASDAQ:ALHC (6/14/2024, 7:00:00 PM)

After market: 8.32 0 (0%)

8.32

+0.19 (+2.34%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.34%
1 Week-0.24%
2 Weeks5.58%
1 Month19.03%
3 Month66.73%
6 Month4.92%
12 Month34.19%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.39
ATR(20)%4.33%
ATR Inc
Range Today0.4
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High8.65
10 Day Low7.58
20 Day High8.65
20 Day Low6.89
52 Week High9.2
52 Week Low4.46
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume929.90K
Volume Incr18.66%
Vol(5)1.00M
Vol(50)920.18K