ALLOGENE THERAPEUTICS INC (ALLO) Stock Technical Analysis
USA - NASDAQ:ALLO - US0197701065 - Common Stock
1.16 USD
-0.05 (-4.13%)
1.21 USD
+0.05 (+4.31%)
We assign a technical rating of 1 out of 10 to ALLO. ALLO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
94% of all other stocks performed better in the past year than ALLO.
ALLO is one of the lesser performing stocks in the Biotechnology industry. 73% of 538 stocks in the same industry do better.
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 1.06 - 1.27 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ALLO has an average volume of 4142260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, ALLO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.16, 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. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.02
1.72
We found 3 important support areas.
- A support zone ranging from 1.15 to 1.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.06 to 1.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.21 to 1.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.43 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 | 6.08 | NEGATIVE | ALLO has a low relative strength, it was outperformed by 93.92% 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) | DOWN | NEGATIVE | The current price of ALLO is below a declining 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) | 50.88 | NEUTRAL | The RSI value for ALLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALLO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.13 | NEUTRAL | The Stochastics value for ALLO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.36 | HIGH VOLATILITY | The high ATR as a percentage value for ALLO suggests high volalility. |
| Average Directional Index/ADX (14) | 13.47 | NEGATIVE | The low ADX value for ALLO suggests a weak or negative 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)
1.16
-0.05 (-4.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.13%
1 Week2.65%
2 Weeks0.87%
1 Month3.57%
3 Month-5.69%
6 Month-28.4%
12 Month-58.57%
2 Year-63.41%
3 Year-89.26%
5 Year-96.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.36%
ATR Inc39.99%
Range Today0.09
ADR(20)0.07
ADR(20)%6.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.08
Mansfield-4.08
10 Day High1.23
10 Day Low1.09
20 Day High1.27
20 Day Low1.06
52 Week High3.78
52 Week Low0.86
CS1 End1.16
CR1 Start1.21
Volume & EV
DER(3)8.93%
DER(5)7.35%
Volume3.75M
Volume Incr20.21%
Vol(5)3.78M
Vol(50)4.14M