ALKERMES PLC (ALKS) Technical Analysis
NASDAQ:ALKS • IE00B56GVS15
Current stock price
ALKS Technical Rating and Analysis
Overall ALKS gets a technical rating of 0 out of 10. ALKS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 77% of all other stocks performed better in the past year than ALKS.
- ALKS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALKS is lagging the market.
- In the last month ALKS has a been trading in the 27.03 - 34.27 range, which is quite wide. It is currently trading near the lows of this range.
- ALKS has an average volume of 2089330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ALKS is part of the Biotechnology industry. There are 519 other stocks in this industry, ALKS did better than 42% of them.
ALKS Weekly and Daily overview Charts
ALKS Setup Rating and Analysis
Although the technical rating is bad, ALKS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.75. Right above this resistance zone may be a good entry point.
More info and screens
ALKS Support and Resistance Analysis
25.83
When analyzing the support we can see 3 important areas.
- Support @27.63 from a trend line in the weekly time frame.
- Support @27.13 from a horizontal line in the daily time frame.
- 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.
3 important resistance areas can be observed.
- Resistance @29.75 from a horizontal line in the daily time frame.
- Resistance @32.03 from a trend line in the daily time frame.
- Resistance @35.89 from a horizontal line in the weekly time frame.
ALKS 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 | 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 | 23.25 | NEGATIVE | ALKS has a low relative strength, it was outperformed by 76.75% off all stocks 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 | NEGATIVE | The current price of ALKS is below 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) | 30.11 | NEUTRAL | The RSI value for ALKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ALKS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.36 | OVERSOLD | The low Stochastics value suggests ALKS may be oversold. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for ALKS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.23 | POSITIVE | The high ADX value value for ALKS suggests a strong trend. |
ALKS Chart- and CandleStick Pattern Analysis
ALKS Technicals: Chart, Performance Metrics, Trend & Indicators
27.76
+0.12 (+0.43%)
ALKERMES PLC / ALKS TA FAQ
What is the technical rating for ALKS stock?
ChartMill assigns a technical rating of 0 / 10 to ALKS.
What is the current trend direction of ALKERMES PLC (ALKS) stock?
The current trend direction for ALKERMES PLC (ALKS) is Bearish.
Can you provide the RSI signal for ALKERMES PLC?
ALKERMES PLC (ALKS) has an RSI value of 30.1088. This indicates that the stock is currently neutral.
What is the MACD signal for ALKS stock?
The MACD indicator for ALKERMES PLC (ALKS) has a value of -0.316926, indicating a bearish trend.
What is the buy/sell signal for ALKS stock?
The buy/sell signal for ALKERMES PLC (ALKS) is sell as both the short term and long term trends are negative.