ALIGNMENT HEALTHCARE INC (ALHC) Technical Analysis
NASDAQ:ALHC • US01625V1044
We assign a technical rating of 0 out of 10 to ALHC. ALHC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 65% of all other stocks performed better in the past year than ALHC.
- In the last month ALHC has a been trading in the 16.91 - 21.32 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.
- ALHC has an average volume of 2930240 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!
- ALHC is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, ALHC did better than 56% 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.
ALHC has a poor technical rating and the quality of the setup is also only medium 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
12.85
We found 2 important support areas.
- Support @15.86 from a horizontal line in the daily time frame.
- Support @12.98 from a trend line in the weekly 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 | 35.05 | 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 | MIXED | The current price of ALHC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.22 | OVERSOLD | The low RSI value suggests ALHC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests ALHC has a negative trend. |
| Stochastics (14,3) | 11.41 | OVERSOLD | The low Stochastics value suggests ALHC may be oversold. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for ALHC suggests high volalility. |
| Average Directional Index/ADX (14) | 32.33 | POSITIVE | The high ADX value value for ALHC suggests a strong trend. |
ALHC Technicals: Chart, Performance Metrics, Trend & Indicators
17.12
-0.89 (-4.94%)
ALIGNMENT HEALTHCARE INC / ALHC FAQ
Can you provide the ChartMill technical rating for ALIGNMENT HEALTHCARE INC?
ChartMill assigns a technical rating of 0 / 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 29.2162. This indicates that the stock is currently oversold.
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 15.86. Check the full technical report for our detailed analysis of ALHC support and resistance levels.