ALIGHT INC - CLASS A (ALIT) Technical Analysis
NYSE:ALIT • US01626W1018
We assign a technical rating of 0 out of 10 to ALIT. 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: 99% of all stocks are doing better.
- ALIT is part of the Professional Services industry. There are 87 other stocks in this industry, of which 87% are performing better than ALIT.
- ALIT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 0.65 - 1.62 range, which is quite wide. It is currently trading near the lows of this range.
- ALIT has an average volume of 21668900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
ALIT has a poor technical rating and the quality of the setup is also only medium 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
0.93
We can see 3 important resistance areas.
- Resistance @0.97 from a horizontal line in the daily time frame.
- Resistance @1.08 from a trend line in the daily time frame.
- Resistance @1.20 from a trend line in the daily 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 | 1.86 | NEGATIVE | ALIT has a low relative strength, it was outperformed by 98.14% 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) | 35.71 | NEUTRAL | The RSI value for ALIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ALIT has a positive trend. |
| Stochastics (14,3) | 40.73 | NEUTRAL | The Stochastics value for ALIT is a neutral value. |
| Average True Range in percent/ATR (20) | 12.55 | HIGH VOLATILITY | The high ATR as a percentage value for ALIT suggests high volalility. |
| Average Directional Index/ADX (14) | 45.44 | POSITIVE | The high ADX value value for ALIT suggests a strong trend. |
ALIT Technicals: Chart, Performance Metrics, Trend & Indicators
0.9419
+0.01 (+1.09%)
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 35.7146. This indicates that the stock is currently neutral.
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.