ALKAMI TECHNOLOGY INC (ALKT) Stock Technical Analysis
NASDAQ:ALKT - Nasdaq - US01644J1088 - Common Stock - Currency: USD
Taking everything into account, ALKT scores 0 out of 10 in our technical rating. ALKT'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ALKT is a bad performer in the overall market: 91% of all stocks are doing better.
ALKT is one of the lesser performing stocks in the Software industry. 74% of 283 stocks in the same industry do better.
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.
ALKT has an average volume of 1385700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ALKT has a been trading in the 19.94 - 28.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ALKT is bad and it also does not present a quality setup 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
21.96
31.50
When analyzing the support we notice one important area.
- A support zone ranging from 22.18 to 22.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.00 to 28.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
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 | 9.26 | NEGATIVE | ALKT has a low relative strength, it was outperformed by 90.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALKT is above 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) | 48.37 | NEUTRAL | The RSI value for ALKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests ALKT has a positive trend. |
| Stochastics (14,3) | 69.29 | NEUTRAL | The Stochastics value for ALKT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for ALKT suggests high volalility. |
| Average Directional Index/ADX (14) | 30.94 | 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)
23.7
+1.41 (+6.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg6.33%
1 Week4.64%
2 Weeks13.51%
1 Month-13.57%
3 Month-18.33%
6 Month-23.89%
12 Month-29.67%
2 Year36.05%
3 Year63.45%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%5.38%
ATR Inc-7.55%
Range Today1.85
ADR(20)1.2
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.26
Mansfield-2.97
10 Day High23.88
10 Day Low19.94
20 Day High28.53
20 Day Low19.94
52 Week High42.29
52 Week Low19.94
CS1 End22.29
CR1 Start28
Volume & EV
DER(3)-1.85%
DER(5)-1.46%
Volume2.15M
Volume Incr-11.55%
Vol(5)1.50M
Vol(50)1.39M