ALON USA ENERGY INC (ALJ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALJ - US0205201025
Taking everything into account, ALJ scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ALJ has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ALJ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 13.11, a Stop Loss order could be placed below this zone.
More info and screens
8.92
We found 4 important support areas.
- A support zone ranging from 12.64 to 13.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.34 from a horizontal line in the daily time frame.
- Support @11.22 from a trend line in the weekly time frame.
- Support @9.01 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @13.51 from a horizontal 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 | UP | POSITIVE | The long term trend for ALJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALJ is up. |
| ChartMill Relative Strength | 94.57 | POSITIVE | ALJ has a high relative strength, it outperformed 94.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.87 | NEUTRAL | The RSI value for ALJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ALJ has a positive trend. |
| Stochastics (14,3) | 62.42 | NEUTRAL | The Stochastics value for ALJ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for ALJ suggests some volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.52 | 12.63 | 0.89 (6.58%) | 15.19% |
| An entry @13.52. This is a Buy Stop order right above the resistance zone. | An exit @12.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.89 points, which is 6.58%. | For a 1.00% total portfolio risk, you can invest 15.19% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.32
-0.08 (-0.6%)
ALON USA ENERGY INC / ALJ FAQ
What is the technical rating for ALJ stock?
ChartMill assigns a technical rating of 10 / 10 to ALJ.
What is the trend direction for ALJ stock?
The current trend direction for ALON USA ENERGY INC (ALJ) is Bullish.
What is the RSI signal for ALJ stock?
ALON USA ENERGY INC (ALJ) has an RSI value of 54.8652. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALON USA ENERGY INC?
The MACD indicator for ALON USA ENERGY INC (ALJ) has a value of 0.0044413, indicating a bearish trend.
What are the support and resistance levels for ALON USA ENERGY INC (ALJ) stock?
ALON USA ENERGY INC (ALJ) has a support level at 13.11 and a resistance level at 13.51. Check the full technical report for our detailed analysis of ALJ support and resistance levels.