ALIGNMENT HEALTHCARE INC (ALHC) Stock Technical Analysis
NASDAQ:ALHC - Nasdaq - US01625V1044 - Common Stock - Currency: USD
Overall ALHC gets a technical rating of 2 out of 10. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
ALHC is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. ALHC outperforms 86% of them.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ALHC has an average volume of 3465510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ALHC did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ALHC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALHC is lagging the market.
In the last month ALHC has a been trading in the 11.63 - 16.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALHC has a poor technical rating and the quality of the setup is also not perfect 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
11.51
13.98
When analyzing the support we notice one important area.
- A support zone ranging from 11.63 to 11.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 13.42 to 13.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.79 to 13.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for ALHC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALHC is neutral. |
| ChartMill Relative Strength | 81.73 | POSITIVE | ALHC has a high relative strength, it outperformed 81.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALHC is above 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) | 52.18 | NEUTRAL | The RSI value for ALHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests ALHC has a positive trend. |
| Stochastics (14,3) | 37.31 | NEUTRAL | The Stochastics value for ALHC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for ALHC suggests high volalility. |
| Average Directional Index/ADX (14) | 28.44 | 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)
13.41
-0.25 (-1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.83%
1 Week13.84%
2 Weeks8.67%
1 Month-2.19%
3 Month-11.31%
6 Month-9.02%
12 Month55.57%
2 Year129.62%
3 Year-11.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%5.64%
ATR Inc-1.37%
Range Today0.69
ADR(20)0.71
ADR(20)%5.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.73
Mansfield-0.77
10 Day High16.24
10 Day Low11.63
20 Day High16.24
20 Day Low11.63
52 Week High21.06
52 Week Low8.17
CS1 End11.75
CR1 Start13.42
Volume & EV
DER(3)1.28%
DER(5)1.51%
Volume2.80M
Volume Incr133.22%
Vol(5)7.06M
Vol(50)3.47M