Taking everything into account, ALLO scores 6 out of 10 in our technical rating. ALLO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
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
1.02
We found 4 important support areas.
- A support zone ranging from 1.24 to 1.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.21 from a trend line in the weekly 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.
- Support @1.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.52 from a horizontal line in the daily time frame.
- Resistance @1.59 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 | NEUTRAL | NEUTRAL | The long term trend for ALLO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALLO is up. |
| ChartMill Relative Strength | 30.03 | NEUTRAL | ALLO is not amongst the best or worst performers 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) | 67.38 | NEUTRAL | The RSI value for ALLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ALLO has a positive trend. |
| Stochastics (14,3) | 92.5 | OVERBOUGHT | The high Stochastics value suggests ALLO may be overbought. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for ALLO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.35 | NEUTRAL | The ADX value for ALLO suggests a possible start of a new trend. |
1.46
+0.04 (+2.82%)
ALLOGENE THERAPEUTICS INC / ALLO FAQ
What is the technical rating for ALLO stock?
ChartMill assigns a technical rating of 6 / 10 to ALLO.
What is the trend direction for ALLO stock?
The current trend direction for ALLOGENE THERAPEUTICS INC (ALLO) is Bearish.
What is the RSI signal for ALLO stock?
ALLOGENE THERAPEUTICS INC (ALLO) has an RSI value of 67.3816. 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 0.0271631, indicating a bearish trend.
Can you provide the short term momentum for ALLOGENE THERAPEUTICS INC?
The short term momentum for ALLOGENE THERAPEUTICS INC (ALLO) is positive.