ALKT Technical Analysis - ALKAMI TECHNOLOGY INC

Technical Rating and Analysis

Overall ALKT gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALKT was also a bad performer in the overall market in the last year.

85% of all other stocks performed better in the past year than ALKT.

ALKT is part of the Software industry. There are 280 other stocks in this industry, of which 70% are performing better than ALKT.

ALKT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month ALKT has a been trading in the 22.03 - 26.78 range, which is quite wide. It is currently trading near the high of this range.

ALKT has an average volume of 1401910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALKAMI TECHNOLOGY INC / ALKT Weekly stock chart

ALKAMI TECHNOLOGY INC / ALKT Daily stock chart

Setup Rating and Analysis

ALKT has a poor technical rating and the quality of the setup is also not perfect 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

24.31

31.50

2 important support areas can be observed.

A support zone ranging from 25.03 to 25.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @24.56 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 26.54 to 27.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @27.86 from a trend line in the daily time frame.
A resistance zone ranging from 30.89 to 31.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 ALKT is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALKT is up.
ChartMill Relative Strength	15.31	NEGATIVE	ALKT has a low relative strength, it was outperformed by 84.69% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ALKT is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of ALKT is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ALKT is below a declining SMA(200).
Relative Strength Index/RSI (14)	62.14	NEUTRAL	The RSI value for ALKT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests ALKT has a positive trend.
Stochastics (14,3)	79.1	NEUTRAL	The Stochastics value for ALKT is a neutral value.
Average True Range in percent/ATR (20)	3.32	MEDIUM VOLATILITY	The ATR as a percentage value for ALKT suggests some volalility.
Average Directional Index/ADX (14)	17.3	NEGATIVE	The low ADX value for ALKT suggests a weak or negative trend.