ALKS Technical Analysis - ALKERMES PLC

Technical Rating and Analysis

Taking everything into account, ALKS scores 6 out of 10 in our technical rating. In the last year, ALKS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

ALKS has an average volume of 2006170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, ALKS did better than 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

ALKS is an average performer in the Biotechnology industry, it outperforms 62% of 534 stocks in the same industry.

ALKS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALKS is lagging the market.

In the last month ALKS has a been trading in the 27.57 - 32.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ALKS has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

25.83

32.55

We found 2 important support areas.

A support zone ranging from 26.59 to 26.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 26.09 to 26.13. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 30.84 to 31.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 31.78 to 32.23. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for ALKS is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALKS is neutral.
ChartMill Relative Strength	76.99	POSITIVE	ALKS has a high relative strength, it outperformed 76.99% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ALKS is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ALKS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of ALKS is below the rising SMA(200).
Relative Strength Index/RSI (14)	48.26	NEUTRAL	The RSI value for ALKS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.17	NEGATIVE	The MACD value suggests ALKS has a negative trend.
Stochastics (14,3)	37.28	NEUTRAL	The Stochastics value for ALKS is a neutral value.
Average True Range in percent/ATR (20)	3.58	MEDIUM VOLATILITY	The ATR as a percentage value for ALKS suggests some volalility.
Average Directional Index/ADX (14)	21.19	NEUTRAL	The ADX value for ALKS suggests a possible start of a new trend.