ALLOGENE THERAPEUTICS INC (ALLO) Stock Technical Analysis
USA - NASDAQ:ALLO - US0197701065 - Common Stock
1.23 USD
-0.04 (-3.15%)
1.24 USD
+0.01 (+0.81%)
Overall ALLO gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALLO was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
93% of all other stocks performed better in the past year than ALLO.
ALLO is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 74% are performing better than ALLO.
ALLO 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.
In the last month ALLO has a been trading in the 1.13 - 1.53 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ALLO has an average volume of 3591280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALLO has an average technical rating and it also 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.
More info and screens
1.05
1.72
3 important support areas can be observed.
- Support @1.11 from a horizontal line in the daily time frame.
- Support @1.09 from a trend line in the daily time frame.
- A support zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.27 to 1.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.33 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.49 from a trend line in the daily time frame.
- Resistance @1.70 from a horizontal line in the daily time frame.
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 ALLO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALLO is neutral. |
| ChartMill Relative Strength | 7.51 | NEGATIVE | ALLO has a low relative strength, it was outperformed by 92.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALLO is below 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) | DOWN | NEGATIVE | The current price of ALLO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.07 | NEUTRAL | The RSI value for ALLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALLO has a negative trend. |
| Stochastics (14,3) | 21.34 | NEUTRAL | The Stochastics value for ALLO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.51 | HIGH VOLATILITY | The high ATR as a percentage value for ALLO suggests high volalility. |
| Average Directional Index/ADX (14) | 23.54 | NEUTRAL | The ADX value for ALLO suggests a possible start of a new 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)
1.23
-0.04 (-3.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.15%
1 Week-8.89%
2 Weeks-0.81%
1 Month4.24%
3 Month-1.6%
6 Month-15.17%
12 Month-56.69%
2 Year-56.38%
3 Year-88.06%
5 Year-96.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%7.51%
ATR Inc4.59%
Range Today0.06
ADR(20)0.09
ADR(20)%6.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.51
Mansfield-3.19
10 Day High1.53
10 Day Low1.2
20 Day High1.53
20 Day Low1.13
52 Week High3.78
52 Week Low0.86
CS1 End1.11
CR1 Start1.27
Volume & EV
DER(3)-8.18%
DER(5)-3.54%
Volume2.82M
Volume Incr39.84%
Vol(5)4.09M
Vol(50)3.59M