ALKERMES PLC (ALKS) Technical Analysis
NASDAQ:ALKS • IE00B56GVS15
Taking everything into account, ALKS scores 0 out of 10 in our technical rating. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 78% 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 2056020 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 41% of 519 stocks in the same industry.
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
25.83
We found 3 important support 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.
We can see 3 important resistance areas.
- Resistance @29.75 from a horizontal line in the daily time frame.
- Resistance @32.13 from a trend line in the daily time frame.
- Resistance @35.89 from a horizontal line in the weekly 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 | 22.69 | NEGATIVE | ALKS has a low relative strength, it was outperformed by 77.31% 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) | 28.84 | OVERSOLD | The low RSI value suggests ALKS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests ALKS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.46 | OVERSOLD | The low Stochastics value suggests ALKS may be oversold. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for ALKS suggests some volalility. |
| Average Directional Index/ADX (14) | 30.96 | POSITIVE | The high ADX value value for ALKS suggests a strong trend. |
ALKS Technicals: Chart, Performance Metrics, Trend & Indicators
27.64
-0.13 (-0.47%)
ALKERMES PLC / ALKS 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 28.8367. This indicates that the stock is currently oversold.
What is the MACD signal for ALKS stock?
The MACD indicator for ALKERMES PLC (ALKS) has a value of -0.381492, 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.