ALLAKOS INC (ALLK) Technical Analysis
NASDAQ:ALLK • US01671P1003
Current stock price
ALLK Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to ALLK. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALLK was also a bad performer in the overall market in the last year.
- 90% of all other stocks performed better in the past year than ALLK.
- ALLK is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 71% are performing better than ALLK.
- ALLK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ALLK is lagging the market.
- ALLK has an average volume of 1250590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month ALLK has a been trading in a tight range between 0.32 and 0.33.
- Considerably lower volume is observed in the last couple of days.
ALLK Weekly and Daily overview Charts
ALLK Setup Rating and Analysis
Although the technical rating is only medium, ALLK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
ALLK Support and Resistance Analysis
0.32
When analyzing the support we notice one important area.
- A support zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
ALLK 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 | DOWN | NEGATIVE | The long term trend for ALLK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALLK is up. |
| ChartMill Relative Strength | 10.76 | NEGATIVE | ALLK has a low relative strength, it was outperformed by 89.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALLK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALLK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALLK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.27 | NEUTRAL | The RSI value for ALLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ALLK has a negative trend. |
| Stochastics (14,3) | 92.24 | OVERBOUGHT | The high Stochastics value suggests ALLK may be overbought. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for ALLK suggests low volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for ALLK suggests a possible start of a new trend. |
ALLK Chart- and CandleStick Pattern Analysis
ALLK Technicals: Chart, Performance Metrics, Trend & Indicators
0.3291
0 (-0.06%)
ALLAKOS INC / ALLK TA FAQ
What is the technical rating for ALLK stock?
ChartMill assigns a technical rating of 4 / 10 to ALLK.
Can you provide the trend direction for ALLAKOS INC?
The current trend direction for ALLAKOS INC (ALLK) is Bearish.
What is the RSI signal for ALLAKOS INC (ALLK) stock?
ALLAKOS INC (ALLK) has an RSI value of 62.2678. This indicates that the stock is currently neutral.
What is the buy/sell signal for ALLK stock?
The buy/sell signal for ALLAKOS INC (ALLK) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for ALLAKOS INC (ALLK) stock?
ALLAKOS INC (ALLK) has a support level at 0.32. Check the full technical report for our detailed analysis of ALLK support and resistance levels.