ALLOGENE THERAPEUTICS INC (ALLO) Technical Analysis
NASDAQ:ALLO • US0197701065
Current stock price
ALLO Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to ALLO. In the last year, ALLO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month ALLO has a been trading in the 1.85 - 4.46 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 10280000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, ALLO did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- ALLO is part of the Biotechnology industry. There are 515 other stocks in this industry, ALLO did better than 61% of them.
- ALLO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALLO is lagging the market.
ALLO Weekly and Daily overview Charts
ALLO Setup Rating and Analysis
Although the technical rating is bad, ALLO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
ALLO Support and Resistance Analysis
1.88
When analyzing the support we notice one important area.
- Support @1.90 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.74 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for ALLO is down. |
| ChartMill Relative Strength | 78 | POSITIVE | ALLO has a high relative strength, it outperformed 78% 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) | DOWN | NEGATIVE | The current price of ALLO is below a declining 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) | 42.01 | NEUTRAL | The RSI value for ALLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ALLO has a negative trend. |
| Stochastics (14,3) | 12.77 | OVERSOLD | The low Stochastics value suggests ALLO may be oversold. |
| Average True Range in percent/ATR (20) | 15.19 | HIGH VOLATILITY | The high ATR as a percentage value for ALLO suggests high volalility. |
| Average Directional Index/ADX (14) | 28.1 | POSITIVE | The high ADX value value for ALLO suggests a strong trend. |
ALLO Chart- and CandleStick Pattern Analysis
ALLO Technicals: Chart, Performance Metrics, Trend & Indicators
2.11
-0.08 (-3.65%)
ALLOGENE THERAPEUTICS INC / ALLO TA FAQ
What is the technical rating for ALLO stock?
ChartMill assigns a technical rating of 3 / 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 42.0105. 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 -0.0489333, 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 hold as the short term and long term trends are mixed.