ALKERMES PLC (ALKS) Stock Technical Analysis
USA - NASDAQ:ALKS - IE00B56GVS15 - Common Stock
Taking everything into account, ALKS scores 2 out of 10 in our technical rating. 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.
ALKS has a poor technical rating and the quality of the setup is also only medium 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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25.83
When analyzing the support we can see 2 important areas.
- A support zone ranging from 26.59 to 26.90. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.33 to 30.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.73 from a trend line in the daily time frame.
- Resistance @34.79 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ALKS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALKS is down. |
| ChartMill Relative Strength | 41.62 | 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) | DOWN | NEGATIVE | The current price of ALKS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.63 | NEUTRAL | The RSI value for ALKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests ALKS has a negative trend. |
| Stochastics (14,3) | 13.85 | OVERSOLD | The low Stochastics value suggests ALKS may be oversold. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for ALKS suggests high volalility. |
| Average Directional Index/ADX (14) | 20.49 | NEUTRAL | The ADX value for ALKS suggests a possible start of a new trend. |
28.19
-0.5 (-1.74%)
ALKERMES PLC / ALKS FAQ
What is the technical rating for ALKS stock?
ChartMill assigns a technical rating of 2 / 10 to ALKS.
What is the trend direction for 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 37.6295. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALKERMES PLC?
The MACD indicator for ALKERMES PLC (ALKS) has a value of -0.435348, indicating a bearish trend.
What are the support and resistance levels for ALKERMES PLC (ALKS) stock?
ALKERMES PLC (ALKS) has a support level at 26.9 and a resistance level at 29.33. Check the full technical report for our detailed analysis of ALKS support and resistance levels.