ALKERMES PLC (ALKS) Stock Technical Analysis
NASDAQ:ALKS - Nasdaq - IE00B56GVS15 - Common Stock - Currency: USD
Overall ALKS gets a technical rating of 2 out of 10. ALKS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month ALKS has a been trading in the 28.48 - 32.35 range, which is quite wide. It is currently trading near the lows of this range.
ALKS has an average volume of 1688440 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 45% of them, which is more or less in line with the market.
ALKS is an average performer in the Biotechnology industry, it outperforms 62% of 555 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.
Although the technical rating is bad, ALKS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ALKS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
23.56
32.10
When analyzing the support we can see 4 important areas.
- Support @28.72 from a trend line in the daily time frame.
- Support @28.06 from a trend line in the weekly time frame.
- A support zone ranging from 26.43 to 27.06. 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 3 important areas.
- A resistance zone ranging from 29.75 to 30.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.72 from a trend line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for ALKS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALKS is down. |
| ChartMill Relative Strength | 45.48 | 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) | UP | MIXED | The current price of ALKS is below 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) | 39.76 | NEUTRAL | The RSI value for ALKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ALKS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.57 | OVERSOLD | The low Stochastics value suggests ALKS may be oversold. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for ALKS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.54 | 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)
28.85
-0.15 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.52%
1 Week0.07%
2 Weeks-1.64%
1 Month-8.53%
3 Month-4.03%
6 Month-0.65%
12 Month18.77%
2 Year-1.47%
3 Year12.7%
5 Year60.19%
10 Year-58.8%
15 Year123.64%
Volatility
ATR(14)0.78
ATR(20)%2.68%
ATR Inc-32.88%
Range Today0.55
ADR(20)0.74
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.48
Mansfield-0.99
10 Day High30
10 Day Low28.49
20 Day High32.35
20 Day Low28.49
52 Week High36.45
52 Week Low22.9
CS1 End28.72
CR1 Start29.75
Volume & EV
DER(3)3.66%
DER(5)1.9%
Volume1.12M
Volume Incr16.65%
Vol(5)1.90M
Vol(50)1.69M