ALIGHT INC - CLASS A (ALIT) Stock Technical Analysis
NYSE:ALIT • US01626W1018
Taking everything into account, ALIT scores 0 out of 10 in our technical rating. ALIT'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 long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 99% of all other stocks performed better in the past year than ALIT.
- ALIT is part of the Professional Services industry. There are 88 other stocks in this industry, of which 85% are performing better than ALIT.
- ALIT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ALIT has a been trading in the 0.65 - 1.69 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ALIT has an average volume of 14914900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ALIT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.71
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 | DOWN | NEGATIVE | The short term trend for ALIT is down. |
| ChartMill Relative Strength | 1.17 | NEGATIVE | ALIT has a low relative strength, it was outperformed by 98.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALIT is below 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) | 15.15 | OVERSOLD | The low RSI value suggests ALIT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ALIT has a negative trend. |
| Stochastics (14,3) | 6.65 | OVERSOLD | The low Stochastics value suggests ALIT may be oversold. |
| Average True Range in percent/ATR (20) | 18.09 | HIGH VOLATILITY | The high ATR as a percentage value for ALIT suggests high volalility. |
| Average Directional Index/ADX (14) | 42.06 | POSITIVE | The high ADX value value for ALIT suggests a strong trend. |
0.7192
-0.03 (-4.6%)
ALIGHT INC - CLASS A / ALIT FAQ
What is the ChartMill technical rating of ALIGHT INC - CLASS A (ALIT) stock?
ChartMill assigns a technical rating of 0 / 10 to ALIT.
Can you provide the trend direction for ALIGHT INC - CLASS A?
The current trend direction for ALIGHT INC - CLASS A (ALIT) is Bearish.
What is the RSI signal for ALIGHT INC - CLASS A (ALIT) stock?
ALIGHT INC - CLASS A (ALIT) has an RSI value of 15.149. This indicates that the stock is currently oversold.
Can you provide the short term momentum for ALIGHT INC - CLASS A?
The short term momentum for ALIGHT INC - CLASS A (ALIT) is negative.
What is the buy/sell signal for ALIT stock?
The buy/sell signal for ALIGHT INC - CLASS A (ALIT) is sell as both the short term and long term trends are negative.