ALLARITY THERAPEUTICS INC (ALLR) Stock Technical Analysis
USA - NASDAQ:ALLR - US0167445008 - Common Stock
We assign a technical rating of 1 out of 10 to ALLR. ALLR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ALLR has a poor technical rating and the quality of the setup is also not perfect 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
0.95
2 important support areas can be observed.
- A support zone ranging from 0.99 to 0.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.96 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.13 from a trend line in the daily time frame.
- Resistance @1.46 from a trend 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 ALLR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALLR is down. |
| ChartMill Relative Strength | 42.43 | NEUTRAL | ALLR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALLR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALLR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ALLR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.43 | NEUTRAL | The RSI value for ALLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALLR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.31 | OVERSOLD | The low Stochastics value suggests ALLR may be oversold. |
| Average True Range in percent/ATR (20) | 9.79 | HIGH VOLATILITY | The high ATR as a percentage value for ALLR suggests high volalility. |
| Average Directional Index/ADX (14) | 27.8 | POSITIVE | The high ADX value value for ALLR suggests a strong trend. |
1.06
+0.07 (+6.78%)
ALLARITY THERAPEUTICS INC / ALLR FAQ
Can you provide the ChartMill technical rating for ALLARITY THERAPEUTICS INC?
ChartMill assigns a technical rating of 1 / 10 to ALLR.
What is the trend direction for ALLR stock?
The current trend direction for ALLARITY THERAPEUTICS INC (ALLR) is Bearish.
What is the RSI signal for ALLR stock?
ALLARITY THERAPEUTICS INC (ALLR) has an RSI value of 36.4285. This indicates that the stock is currently neutral.
What is the buy/sell signal for ALLARITY THERAPEUTICS INC (ALLR) stock?
The buy/sell signal for ALLARITY THERAPEUTICS INC (ALLR) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ALLR stock?
ALLARITY THERAPEUTICS INC (ALLR) has a support level at 0.99 and a resistance level at 1.13. Check the full technical report for our detailed analysis of ALLR support and resistance levels.