ALIMERA SCIENCES INC (ALIM) Stock Technical Analysis
NASDAQ:ALIM - Nasdaq - US0162592028 - Common Stock - Currency: USD
Taking everything into account, ALIM scores 7 out of 10 in our technical rating. In the last year, ALIM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ALIM is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 94% of 198 stocks in the same industry.
ALIM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ALIM is leading the market.
In the last month ALIM has a been trading in the 4.32 - 5.63 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Looking at the yearly performance, ALIM did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, ALIM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.52, a Stop Loss order could be placed below this zone.
More info and screens
3.08
5.67
When analyzing the support we can see 5 important areas.
- A support zone ranging from 5.50 to 5.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.30 from a trend line in the daily time frame.
- A support zone ranging from 5.18 to 5.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.37 from a trend line in the weekly time frame.
- Support @3.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.54 to 5.61. 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 | NEUTRAL | NEUTRAL | The long term trend for ALIM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALIM is up. |
| ChartMill Relative Strength | 96.39 | POSITIVE | ALIM has a high relative strength, it outperformed 96.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALIM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALIM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALIM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.49 | NEUTRAL | The RSI value for ALIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ALIM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.13 | OVERBOUGHT | The high Stochastics value suggests ALIM may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ALIM suggests some volalility. |
| Average Directional Index/ADX (14) | 43.37 | POSITIVE | The high ADX value value for ALIM 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.62 | 5.49 | 0.13 (2.31%) | 25.00% |
| An entry @5.62. This is a Buy Stop order right above the resistance zone. | An exit @5.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.13 points, which is 2.31%. | For a 0.58% 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 ALIM. 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.
5.54
-0.01 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.18%
1 Week-0.36%
2 Weeks0%
1 Month-0.72%
3 Month74.76%
6 Month31.59%
12 Month66.87%
2 Year9.06%
3 Year31.28%
5 Year-34.78%
10 Year-93.19%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%2.01%
ATR Inc-77.86%
Range Today0.03
ADR(20)0.08
ADR(20)%1.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.39
Mansfield2.43
10 Day High5.63
10 Day Low4.32
20 Day High5.63
20 Day Low4.32
52 Week High5.65
52 Week Low2.61
CS1 End5.52
CR1 Start5.54
Volume & EV
DER(3)-10.09%
DER(5)-4.21%
Volume2.68M
Volume Incr238.91%
Vol(5)3.15M
Vol(50)839.01K