ALIMERA SCIENCES INC (ALIM) Stock Technical Analysis
USA - NASDAQ:ALIM - US0162592028 - Common Stock
Overall ALIM gets a technical rating of 7 out of 10. ALIM has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, ALIM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
We found 5 important support 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. |
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%)
ALIMERA SCIENCES INC / ALIM FAQ
What is the technical rating for ALIM stock?
ChartMill assigns a technical rating of 7 / 10 to ALIM.
What is the trend direction for ALIM stock?
The current trend direction for ALIMERA SCIENCES INC (ALIM) is Bearish.
Can you provide the RSI signal for ALIMERA SCIENCES INC?
ALIMERA SCIENCES INC (ALIM) has an RSI value of 52.4882. This indicates that the stock is currently neutral.
What is the MACD signal for ALIMERA SCIENCES INC (ALIM) stock?
The MACD indicator for ALIMERA SCIENCES INC (ALIM) has a value of -0.0158558, indicating a bearish trend.