Alliance Bank (ALLB) Technical Analysis
NASDAQ:ALLB
Current stock price
ALLB Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ALLB. Both in the recent history as in the last year, ALLB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: ALLB has an average volume of 5876 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ALLB did better than 85% of all other stocks. On top of that, ALLB also shows a nice and consistent pattern of rising prices.
- ALLB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALLB is lagging the market slightly.
- In the last month ALLB has a been trading in the 23.33 - 25.22 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Volume is considerably higher in the last couple of days.
ALLB Weekly and Daily overview Charts
ALLB Setup Rating and Analysis
ALLB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 23.90, a Stop Loss order could be placed below this zone.
More info and screens
ALLB Support and Resistance Analysis
20.86
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.34 to 23.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.10 from a horizontal line in the daily time frame.
- Support @21.07 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @24.05 from a trend line in the weekly time frame.
- A resistance zone ranging from 24.56 to 24.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
ALLB 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 | UP | POSITIVE | The long term trend for ALLB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALLB is up. |
| ChartMill Relative Strength | 85.19 | POSITIVE | ALLB has a high relative strength, it outperformed 85.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALLB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.12 | NEUTRAL | The RSI value for ALLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.7 | NEUTRAL | The Stochastics value for ALLB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ALLB suggests some volalility. |
ALLB Chart- and CandleStick Pattern Analysis
ALLB Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.06 | 23.39 | 0.67 (2.78%) | 25.00% |
| An entry @24.06. This is a Buy Stop order right above the resistance zone. | An exit @23.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.67 points, which is 2.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of ALLB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ALLB Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ALLB (10/9/2015, 8:22:02 PM)
23.98
-0.55 (-2.24%)
Alliance Bank / ALLB TA FAQ
What is the technical rating for ALLB stock?
ChartMill assigns a technical rating of 9 / 10 to ALLB.
What is the current trend direction of Alliance Bank (ALLB) stock?
The current trend direction for Alliance Bank (ALLB) is Bullish.
What is the RSI signal for Alliance Bank (ALLB) stock?
Alliance Bank (ALLB) has an RSI value of 53.1218. This indicates that the stock is currently neutral.
What is the MACD signal for Alliance Bank (ALLB) stock?
The MACD indicator for Alliance Bank (ALLB) has a value of 0.0185898, indicating a bearish trend.
Can you provide the support and resistance levels for Alliance Bank?
Alliance Bank (ALLB) has a support level at 23.9 and a resistance level at 24.05. Check the full technical report for our detailed analysis of ALLB support and resistance levels.