Taking everything into account, ALLO scores 4 out of 10 in our technical rating. In the last year, ALLO was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is only medium, ALLO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALLO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.02
6 important support areas can be observed.
- A support zone ranging from 1.32 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.26 from a trend line in the weekly time frame.
- Support @1.18 from a horizontal line in the weekly time frame.
- Support @1.08 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.
- Support @1.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.52 to 1.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for ALLO is neutral. |
| ChartMill Relative Strength | 19.83 | NEGATIVE | ALLO has a low relative strength, it was outperformed by 80.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALLO is below a declining 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 | MIXED | The current price of ALLO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.77 | NEUTRAL | The RSI value for ALLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ALLO has a negative trend. |
| Stochastics (14,3) | 24.49 | NEUTRAL | The Stochastics value for ALLO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.16 | HIGH VOLATILITY | The high ATR as a percentage value for ALLO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.57 | NEUTRAL | The ADX value for ALLO suggests a possible start of a new trend. |
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-0.02 (-1.43%)
ALLOGENE THERAPEUTICS INC / ALLO FAQ
What is the technical rating for ALLO stock?
ChartMill assigns a technical rating of 4 / 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 48.7695. 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 -0.0183297, 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 neutral.