ALKERMES PLC (ALKS) Stock Technical Analysis
NASDAQ:ALKS - Nasdaq - IE00B56GVS15 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ALKS. ALKS has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long and short term trends are both positive. This is looking good!
ALKS is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 559 stocks in the same industry.
In the last month ALKS has a been trading in the 29.20 - 32.35 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.
ALKS has an average volume of 1722920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ALKS outperforms 67% of them, which is more or less in line with the market.
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.
ALKS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 31.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.98, a Stop Loss order could be placed below this zone.
More info and screens
23.56
32.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 29.90 to 30.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.79 from a trend line in the weekly time frame.
- A support zone ranging from 26.43 to 27.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.80 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.71 to 31.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for ALKS is up. |
| ChartMill Relative Strength | 67.68 | NEUTRAL | ALKS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALKS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ALKS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALKS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.19 | NEUTRAL | The RSI value for ALKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ALKS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.15 | NEUTRAL | The Stochastics value for ALKS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ALKS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.09 | NEGATIVE | The low ADX value for ALKS 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)
31.06
-0.08 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.26%
1 Week-0.67%
2 Weeks3.88%
1 Month-0.67%
3 Month-8.73%
6 Month1.8%
12 Month26.78%
2 Year-0.77%
3 Year4.26%
5 Year60.06%
10 Year-51.73%
15 Year149.48%
Volatility
ATR(14)0.83
ATR(20)%2.46%
ATR Inc27.06%
Range Today0.7
ADR(20)0.74
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.68
Mansfield0.08
10 Day High32.35
10 Day Low29.7
20 Day High32.35
20 Day Low29.2
52 Week High36.45
52 Week Low22.9
CS1 End30.98
CR1 Start31.71
Volume & EV
DER(3)0.61%
DER(5)0.61%
Volume1.00M
Volume Incr-23.62%
Vol(5)1.13M
Vol(50)1.72M