ALIGHT INC - CLASS A (ALIT) Stock Technical Analysis
NYSE:ALIT - New York Stock Exchange, Inc. - US01626W1018 - Common Stock - Currency: USD
Overall ALIT gets a technical rating of 1 out of 10. 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.
When comparing the yearly performance of all stocks, ALIT is a bad performer in the overall market: 86% of all stocks are doing better.
ALIT is part of the Professional Services industry. There are 81 other stocks in this industry, of which 65% are performing better than ALIT.
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.
In the last month ALIT has a been trading in the 5.15 - 5.57 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ALIT has an average volume of 9043730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 5.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALIT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.19
6.51
We found 2 important support areas.
- A support zone ranging from 5.34 to 5.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.24 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 5.54 to 5.60. 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 @6.45 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 | NEUTRAL | NEUTRAL | The short term trend for ALIT is neutral. |
| ChartMill Relative Strength | 14.82 | NEGATIVE | ALIT has a low relative strength, it was outperformed by 85.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALIT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALIT is above the rising 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) | 50.03 | NEUTRAL | The RSI value for ALIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.15 | NEUTRAL | The Stochastics value for ALIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for ALIT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.67 | 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)
5.4
+0.18 (+3.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg3.45%
1 Week1.31%
2 Weeks0.93%
1 Month-1.28%
3 Month-10.89%
6 Month-21.28%
12 Month-29.04%
2 Year-41.56%
3 Year-20%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%2.67%
ATR Inc26.41%
Range Today0.24
ADR(20)0.13
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.82
Mansfield-2.14
10 Day High5.55
10 Day Low5.15
20 Day High5.57
20 Day Low5.15
52 Week High8.93
52 Week Low4.49
CS1 End5.39
CR1 Start5.54
Volume & EV
DER(3)3.22%
DER(5)2.48%
Volume11.97M
Volume Incr53.21%
Vol(5)10.12M
Vol(50)9.04M