ALLOGENE THERAPEUTICS INC (ALLO) Stock Technical Analysis
NASDAQ:ALLO • US0197701065
Overall ALLO gets a technical rating of 9 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- ALLO is one of the better performing stocks in the Biotechnology industry, it outperforms 76% of 520 stocks in the same industry.
- ALLO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ALLO has a been trading in the 1.56 - 2.80 range, which is quite wide. It is currently trading near the high of this range.
- ALLO has an average volume of 5452780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ALLO is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ALLO has an excellent technical rating, it does not present a decent entry opportunity 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
6 important support areas can be observed.
- Support @1.79 from a trend line in the daily time frame.
- Support @1.61 from a trend line in the daily time frame.
- Support @1.54 from a trend line in the weekly time frame.
- Support @1.36 from a trend line in the weekly time frame.
- Support @1.06 from a horizontal line in the daily 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 2.79 to 2.79. 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 | 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 | 91.61 | POSITIVE | ALLO has a high relative strength, it outperformed 91.61% 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) | 70.38 | OVERBOUGHT | The high RSI value suggests ALLO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ALLO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.15 | OVERBOUGHT | The high Stochastics value suggests ALLO may be overbought. |
| Average True Range in percent/ATR (20) | 7.41 | HIGH VOLATILITY | The high ATR as a percentage value for ALLO suggests high volalility. |
| Average Directional Index/ADX (14) | 41.38 | POSITIVE | The high ADX value value for ALLO suggests a strong trend. |
2.65
-0.13 (-4.68%)
ALLOGENE THERAPEUTICS INC / ALLO 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.
Can you provide the RSI signal for ALLOGENE THERAPEUTICS INC?
ALLOGENE THERAPEUTICS INC (ALLO) has an RSI value of 70.3848. This indicates that the stock is currently overbought.
Can you provide the short term momentum for ALLOGENE THERAPEUTICS INC?
The short term momentum for ALLOGENE THERAPEUTICS INC (ALLO) is positive.
What are the support and resistance levels for ALLOGENE THERAPEUTICS INC (ALLO) stock?
ALLOGENE THERAPEUTICS INC (ALLO) has a support level at 1.79 and a resistance level at 2.79. Check the full technical report for our detailed analysis of ALLO support and resistance levels.