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ALLEGO NV (ALLG) Stock Technical Analysis

USA - NYSE:ALLG - NL0015000TA9 - Common Stock

1.82 USD
-0.22 (-10.78%)
Last: 8/22/2024, 8:04:00 PM
1.84 USD
+0.02 (+1.1%)
After Hours: 8/22/2024, 8:04:00 PM
Technical Rating and Analysis

7

Overall ALLG gets a technical rating of 7 out of 10. ALLG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ALLG is part of the Specialty Retail industry. There are 121 other stocks in this industry. ALLG outperforms 95% of them.
In the last month ALLG has a been trading in the 0.91 - 2.29 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that ALLG is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ALLG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALLG is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Weekly and Daily overview Charts
ALLEGO NV / ALLG Weekly stock chart
ALLEGO NV / ALLG Daily stock chart
Setup Rating and Analysis

3

Although ALLG has an excellent technical rating, it does not offer a high 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.

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Support and Resistance Analysis

0.96

1.84

We found 1 important support area.

  • Support @0.97 from a trend line in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for ALLG is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ALLG is up.
ChartMill Relative Strength95.7POSITIVEALLG has a high relative strength, it outperformed 95.7% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ALLG is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ALLG is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ALLG is above the rising SMA(200).
Relative Strength Index/RSI (14)60.62NEUTRALThe RSI value for ALLG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.06POSITIVEThe MACD value suggests ALLG has a positive trend.
Stochastics (14,3)80.56OVERBOUGHTThe high Stochastics value suggests ALLG may be overbought.
Average True Range in percent/ATR (20)9.81HIGH VOLATILITYThe high ATR as a percentage value for ALLG suggests high volalility.
Average Directional Index/ADX (14)57.09POSITIVEThe high ADX value value for ALLG suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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ALLEGO NV / ALLG Daily stock chart

ALLEGO NV

NYSE:ALLG (8/22/2024, 8:04:00 PM)

After market: 1.84 +0.02 (+1.1%)

1.82

-0.22 (-10.78%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustrySpecialty Retail
Performance
% Chg-10.78%
1 Week90.6%
2 Weeks28.17%
1 Month7.69%
3 Month102.22%
6 Month89.56%
12 Month2.82%
2 Year-58.26%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%9.81%
ATR Inc170.8%
Range Today0.48
ADR(20)0.17
ADR(20)%9.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.7
3 months CRSN/A
6 months CRSN/A
Mansfield1.59
10 Day High2.29
10 Day Low0.91
20 Day High2.29
20 Day Low0.91
52 Week High3.06
52 Week Low0.57
CS1 End0.97
CR1 StartN/A
Volume & EV
DER(3)4.63%
DER(5)9.75%
Volume283.00K
Volume Incr3701.79%
Vol(5)2.19M
Vol(50)529.16K

ALLEGO NV / ALLG FAQ

What is the technical rating for ALLG stock?

ChartMill assigns a technical rating of 7 / 10 to ALLG.


What is the current trend direction of ALLEGO NV (ALLG) stock?

The current trend direction for ALLEGO NV (ALLG) is Bearish.


What is the RSI signal for ALLG stock?

ALLEGO NV (ALLG) has an RSI value of 60.6209. This indicates that the stock is currently neutral.


Can you provide the MACD signal for ALLEGO NV?

The MACD indicator for ALLEGO NV (ALLG) has a value of 0.060101, indicating a bearish trend.