ALKAMI TECHNOLOGY INC (ALKT) Stock Technical Analysis
NASDAQ:ALKT - Nasdaq - US01644J1088 - Common Stock - Currency: USD
Overall ALKT gets a technical rating of 0 out of 10. ALKT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ALKT is a bad performer in the overall market: 83% of all stocks are doing better.
ALKT is part of the Software industry. There are 282 other stocks in this industry, of which 66% 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 27.11 - 30.88 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, ALKT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
22.88
31.50
When analyzing the support we can see 5 important areas.
- Support @26.68 from a horizontal line in the daily time frame.
- Support @26.07 from a horizontal line in the daily time frame.
- Support @24.90 from a trend line in the weekly time frame.
- Support @23.49 from a horizontal line in the weekly time frame.
- Support @23.11 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.54 to 29.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.46 to 31.19. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for ALKT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALKT is down. |
| ChartMill Relative Strength | 17 | NEGATIVE | ALKT has a low relative strength, it was outperformed by 83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALKT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALKT is below 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) | 39.64 | NEUTRAL | The RSI value for ALKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ALKT has a negative trend. |
| Stochastics (14,3) | 7.83 | OVERSOLD | The low Stochastics value suggests ALKT may be oversold. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ALKT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for ALKT suggests a weak or negative 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)
27.26
-0.16 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.58%
1 Week-1.98%
2 Weeks-4.95%
1 Month-9.47%
3 Month1.45%
6 Month-22.53%
12 Month-18.46%
2 Year61.49%
3 Year95.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%3.62%
ATR Inc-26.53%
Range Today0.44
ADR(20)0.96
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17
Mansfield-2.21
10 Day High29.56
10 Day Low27.11
20 Day High30.88
20 Day Low27.11
52 Week High42.29
52 Week Low21.7
CS1 End26.68
CR1 Start28.54
Volume & EV
DER(3)-3.62%
DER(5)-3.96%
Volume763.40K
Volume Incr-19.75%
Vol(5)936.44K
Vol(50)985.72K