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 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
95% of all other stocks performed better in the past year than ALIT.
ALIT is part of the Professional Services industry. There are 82 other stocks in this industry, of which 83% 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 4.08 - 6.04 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 6961210 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
4.15
6.13
We can see 3 important resistance areas.
- A resistance zone ranging from 5.63 to 5.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.88 to 5.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.07 from a trend 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 | DOWN | NEGATIVE | The short term trend for ALIT is down. |
| ChartMill Relative Strength | 5.94 | NEGATIVE | ALIT has a low relative strength, it was outperformed by 94.06% 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) | 19.27 | OVERSOLD | The low RSI value suggests ALIT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ALIT has a negative trend. |
| Stochastics (14,3) | 4.84 | OVERSOLD | The low Stochastics value suggests ALIT may be oversold. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ALIT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for ALIT suggests a possible start of a new 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)
4.19
-0.94 (-18.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg-18.32%
1 Week-24.37%
2 Weeks-24.91%
1 Month-29.82%
3 Month-24.78%
6 Month-36.32%
12 Month-39.1%
2 Year-45.16%
3 Year-46.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%4.78%
ATR Inc242%
Range Today0.97
ADR(20)0.19
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.94
Mansfield-3.9
10 Day High5.8
10 Day Low4.09
20 Day High6.04
20 Day Low4.09
52 Week High8.93
52 Week Low4.09
CS1 EndN/A
CR1 Start5.63
Volume & EV
DER(3)3.03%
DER(5)1.85%
Volume31.74M
Volume Incr69.81%
Vol(5)10.25M
Vol(50)6.96M