ALLOGENE THERAPEUTICS INC (ALLO) Technical Analysis
NASDAQ:ALLO • US0197701065
Current stock price
ALLO Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to ALLO. Both in the recent history as in the last year, ALLO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- ALLO is one of the better performing stocks in the Biotechnology industry, it outperforms 79% of 517 stocks in the same industry.
- ALLO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ALLO is performing more or less in line with the market.
- In the last month ALLO has a been trading in the 2.06 - 2.73 range, which is quite wide. It is currently trading near the high of this range.
- ALLO has an average volume of 6044860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, ALLO did better than 93% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ALLO Weekly and Daily overview Charts
ALLO Setup Rating and Analysis
Besides having an excellent technical rating, ALLO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.76. Right above this resistance zone may be a good entry point.
More info and screens
ALLO Support and Resistance Analysis
1.02
We found 5 important support areas.
- A support zone ranging from 2.21 to 2.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.77 from a trend line in the daily time frame.
- Support @1.63 from a trend line in the weekly time frame.
- Support @1.41 from a trend line in the weekly time frame.
- Support @1.03 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.76 to 2.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
ALLO 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 ALLO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALLO is up. |
| ChartMill Relative Strength | 93.87 | POSITIVE | ALLO has a high relative strength, it outperformed 93.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALLO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALLO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALLO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.9 | NEUTRAL | The RSI value for ALLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ALLO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.99 | NEUTRAL | The Stochastics value for ALLO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.48 | HIGH VOLATILITY | The high ATR as a percentage value for ALLO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.31 | POSITIVE | The high ADX value value for ALLO suggests a strong trend. |
ALLO Chart- and CandleStick Pattern Analysis
ALLO 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 |
|---|---|---|---|
| 2.80 | 2.20 | 0.60 (21.43%) | 4.67% |
| An entry @2.80. This is a Buy Stop order right above the resistance zone. | An exit @2.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.60 points, which is 21.43%. | For a 1.00% total portfolio risk, you can invest 4.67% of your capital in this trade. |
- 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.
ALLO Technicals: Chart, Performance Metrics, Trend & Indicators
2.48
-0.08 (-3.12%)
ALLOGENE THERAPEUTICS INC / ALLO TA FAQ
What is the technical rating for ALLO stock?
ChartMill assigns a technical rating of 9 / 10 to ALLO.
What is the current trend direction of ALLOGENE THERAPEUTICS INC (ALLO) stock?
The current trend direction for ALLOGENE THERAPEUTICS INC (ALLO) is Bullish.
What is the RSI signal for ALLOGENE THERAPEUTICS INC (ALLO) stock?
ALLOGENE THERAPEUTICS INC (ALLO) has an RSI value of 54.9016. This indicates that the stock is currently neutral.
What is the MACD signal for ALLOGENE THERAPEUTICS INC (ALLO) stock?
The MACD indicator for ALLOGENE THERAPEUTICS INC (ALLO) has a value of -0.000209, indicating a bearish trend.
Can you provide the buy/sell signal for ALLOGENE THERAPEUTICS INC?
The buy/sell signal for ALLOGENE THERAPEUTICS INC (ALLO) is buy as both the short term and long term trends are positive.