ALKERMES PLC (ALKS) Stock Technical Analysis
USA - NASDAQ:ALKS - IE00B56GVS15 - Common Stock
27.89 USD
+0.76 (+2.8%)
27.89 USD
0 (0%)
Overall ALKS gets a technical rating of 0 out of 10. ALKS'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 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, ALKS is a bad performer in the overall market: 70% of all stocks are doing better.
ALKS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
ALKS has an average volume of 2002680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALKS is an average performer in the Biotechnology industry, it outperforms 50% of 536 stocks in the same industry.
In the last month ALKS has a been trading in the 25.16 - 31.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ALKS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.85, a Stop Loss order could be placed below this zone.
More info and screens
23.56
30.76
We found 3 important support areas.
- A support zone ranging from 27.63 to 27.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.09 to 26.59. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.26 to 29.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.94 to 30.46. 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 | DOWN | NEGATIVE | The long term trend for ALKS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALKS is neutral. |
| ChartMill Relative Strength | 30.86 | NEUTRAL | ALKS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALKS is below 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) | DOWN | NEGATIVE | The current price of ALKS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.33 | NEUTRAL | The RSI value for ALKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ALKS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.26 | NEUTRAL | The Stochastics value for ALKS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ALKS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.32 | 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)
27.89
+0.76 (+2.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.8%
1 Week0.36%
2 Weeks3.41%
1 Month-3.59%
3 Month-3.19%
6 Month-16.02%
12 Month1.31%
2 Year-0.43%
3 Year24.9%
5 Year68.32%
10 Year-52.46%
15 Year90.38%
Volatility
ATR(14)0.86
ATR(20)%4.17%
ATR Inc-3.01%
Range Today0.98
ADR(20)1.03
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.86
Mansfield-1.59
10 Day High28.64
10 Day Low26.4
20 Day High31.69
20 Day Low25.17
52 Week High36.45
52 Week Low25.17
CS1 End27.85
CR1 Start29.26
Volume & EV
DER(3)-2.33%
DER(5)-2.15%
Volume2.34M
Volume Incr-23.84%
Vol(5)1.66M
Vol(50)2.00M