ALKAMI TECHNOLOGY INC (ALKT) Stock Technical Analysis
NASDAQ:ALKT - Nasdaq - US01644J1088 - Common Stock - Currency: USD
Taking everything into account, ALKT scores 5 out of 10 in our technical rating. In the past year, ALKT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
ALKT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
ALKT has an average volume of 1310940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, ALKT turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
ALKT is part of the Software industry. There are 283 other stocks in this industry, ALKT did better than 60% of them.
ALKT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALKT is lagging the market slightly.
ALKT has an average technical rating and also the quality of the setup is 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.
More info and screens
22.88
31.50
We found 3 important support areas.
- A support zone ranging from 28.63 to 29.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.16 from a trend line in the weekly time frame.
- Support @23.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.32 to 31.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 ALKT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALKT is neutral. |
| ChartMill Relative Strength | 51.41 | NEUTRAL | ALKT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ALKT is above the rising 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) | 53.21 | NEUTRAL | The RSI value for ALKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ALKT has a negative trend. |
| Stochastics (14,3) | 55.23 | NEUTRAL | The Stochastics value for ALKT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ALKT suggests some volalility. |
| Average Directional Index/ADX (14) | 34.32 | POSITIVE | The high ADX value value for ALKT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
29.02
-0.19 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.65%
1 Week-6.05%
2 Weeks-1.33%
1 Month8%
3 Month-6.81%
6 Month-28.68%
12 Month5.91%
2 Year93.47%
3 Year106.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%4.29%
ATR Inc-7.88%
Range Today1.13
ADR(20)1.19
ADR(20)%4.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.41
Mansfield-1.06
10 Day High31.66
10 Day Low28.45
20 Day High31.66
20 Day Low25.29
52 Week High42.29
52 Week Low21.7
CS1 End29.01
CR1 Start30.32
Volume & EV
DER(3)-3.07%
DER(5)-1.82%
Volume623.80K
Volume Incr-41.22%
Vol(5)672.72K
Vol(50)1.31M