Taking everything into account, ALKS scores 1 out of 10 in our technical rating. 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.
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 28.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.39, a Stop Loss order could be placed below this zone.
More info and screens
25.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 27.86 to 28.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @27.13 from a trend line in the weekly time frame.
- Support @26.59 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.
- A resistance zone ranging from 28.82 to 29.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.34 from a trend line in the weekly 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 | 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 | 36.9 | NEUTRAL | ALKS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALKS is below the rising 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) | 45.41 | NEUTRAL | The RSI value for ALKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ALKS has a positive trend. |
| Stochastics (14,3) | 40.3 | NEUTRAL | The Stochastics value for ALKS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ALKS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.83 | NEGATIVE | The low ADX value for ALKS suggests a weak or negative trend. |
28.49
-0.14 (-0.49%)
ALKERMES PLC / ALKS FAQ
What is the technical rating for ALKS stock?
ChartMill assigns a technical rating of 1 / 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 45.4071. 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 0.0258964, indicating a bearish trend.
What are the support and resistance levels for ALKERMES PLC (ALKS) stock?
ALKERMES PLC (ALKS) has a support level at 28.39 and a resistance level at 28.82. Check the full technical report for our detailed analysis of ALKS support and resistance levels.