ALIT Technical Analysis - ALIGHT INC - CLASS A

Technical Rating and Analysis

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.

When comparing the yearly performance of all stocks, ALIT is a bad performer in the overall market: 97% of all stocks are doing better.

ALIT is one of the lesser performing stocks in the Professional Services industry. 81% of 82 stocks in the same industry do better.

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 3.37 - 4.14 range, which is quite wide. It is currently trading near the lows of this range.

ALIT has an average volume of 7794360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ALIGHT INC - CLASS A / ALIT Weekly stock chart

ALIGHT INC - CLASS A / ALIT Daily stock chart

Setup Rating and Analysis

The technical rating of ALIT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

3.36

5.95

6 important resistance areas can be observed.

A resistance zone ranging from 3.89 to 3.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @5.26 from a trend line in the weekly time frame.
Resistance @5.40 from a trend line in the daily time frame.
Resistance @5.53 from a trend line in the weekly time frame.
Resistance @5.74 from a trend line in the daily time frame.
Resistance @5.89 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	3.42	NEGATIVE	ALIT has a low relative strength, it was outperformed by 96.58% 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)	28.15	OVERSOLD	The low RSI value suggests ALIT may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests ALIT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	4.02	OVERSOLD	The low Stochastics value suggests ALIT may be oversold.
Average True Range in percent/ATR (20)	4.47	MEDIUM VOLATILITY	The ATR as a percentage value for ALIT suggests some volalility.
Average Directional Index/ADX (14)	37.56	POSITIVE	The high ADX value value for ALIT suggests a strong trend.