ALIGNMENT HEALTHCARE INC (ALHC)       12.19  -0.76 (-5.87%)

12.19  -0.76 (-5.87%)

US01625V1044 - Common Stock - After market: 12.19 0 (0%)

Technical Rating

2

Taking everything into account, ALHC scores 2 out of 10 in our technical rating. 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.



Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ALHC is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month ALHC has a been trading in the 11.31 - 13.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
When comparing the yearly performance of all stocks, ALHC is a bad performer in the overall market: 68% of all stocks are doing better.

Statistics

1 Month 3 Months 6 Months 12 Months -0.49% -26.26% 10.62% -11.35% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 32.54 6.14 - 19.17
ALHC Weekly chart
ALHC Daily chart

Support/Resistance Analysis


10.87

16.14
We found 4 important support areas.
  • Support @12.05 from a trend line in the weekly time frame.
  • Support @11.81 from a trend line in the daily time frame.
  • Support @11.39 from a trend line in the daily time frame.
  • A support zone ranging from 10.98 to 11.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
  • A resistance zone ranging from 12.32 to 12.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 13.02 to 13.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 13.68 to 13.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @15.20 from a trend line in the weekly time frame.
  • Resistance @15.98 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

3

The technical rating of ALHC is bad and it also does not present a 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.


ALHC Daily chart

ALIGNMENT HEALTHCARE INC12.19

NASDAQ:ALHC (12/6/2022, 7:20:56 PM)-0.76 (-5.87%)

After market: 12.19 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -5.87% 1 Week -3.33%
2 Weeks 5.54% 1 Month -0.49%
3 Month -26.26% 6 Month 10.62%
Volatility
ATR(14) 0.59 ATR(20)% 5.42%
ATR Inc 1.42% Range Today 0.89
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 32.54 Mansfield 0.87
10 Day High 13.44 10 Day Low 11.31
20 Day High 13.92 20 Day Low 11.31
52 Week High 19.17 52 Week Low 6.14
CS1 End 12.05 CR1 Start 12.32
Volume & EV
DER(3) -1.96% DER(5) 0.67%
Volume 569.40K Volume Incr 11.3%
Vol(5) 751.78K Vol(50) 732.95K

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