ALIGHT INC - CLASS A (ALIT) Stock Technical Analysis
NYSE:ALIT - New York Stock Exchange, Inc. - US01626W1018 - Common Stock - Currency: USD
Taking everything into account, ALIT scores 1 out of 10 in our technical rating. ALIT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
85% of all other stocks performed better in the past year than ALIT.
ALIT is one of the lesser performing stocks in the Professional Services industry. 67% of 81 stocks in the same industry do better.
ALIT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALIT is lagging the market.
ALIT has an average volume of 9767520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ALIT has a been trading in the 5.12 - 5.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
5.41
9.91
We can see 7 important resistance areas.
- A resistance zone ranging from 5.49 to 5.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.64 to 5.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.77 from a horizontal line in the weekly time frame.
- Resistance @5.90 from a horizontal line in the daily time frame.
- Resistance @6.61 from a trend line in the weekly time frame.
- Resistance @6.92 from a horizontal line in the daily time frame.
- Resistance @9.81 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for ALIT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALIT is neutral. |
| ChartMill Relative Strength | 15 | NEGATIVE | ALIT has a low relative strength, it was outperformed by 85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALIT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ALIT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.42 | NEUTRAL | The RSI value for ALIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ALIT has a negative trend. |
| Stochastics (14,3) | 28.34 | NEUTRAL | The Stochastics value for ALIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ALIT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.31 | NEGATIVE | The low ADX value for ALIT suggests a weak or negative 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)
5.46
-0.08 (-1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-1.44%
1 Week-1.09%
2 Weeks-5.04%
1 Month5%
3 Month-20.06%
6 Month-31.75%
12 Month-29.55%
2 Year-35.46%
3 Year-33.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%3.28%
ATR Inc-36.96%
Range Today0.08
ADR(20)0.16
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15
Mansfield-2.17
10 Day High5.81
10 Day Low5.36
20 Day High5.93
20 Day Low5.12
52 Week High8.93
52 Week Low4.49
CS1 EndN/A
CR1 Start5.49
Volume & EV
DER(3)2.64%
DER(5)0.11%
Volume6.08M
Volume Incr-21.71%
Vol(5)7.18M
Vol(50)9.77M