ALLARITY THERAPEUTICS INC (ALLR) Stock Technical Analysis
USA - NASDAQ:ALLR - US0167445008 - Common Stock
1.51 USD
+0.07 (+4.86%)
1.51 USD
0 (0%)
Overall ALLR gets a technical rating of 5 out of 10. Although ALLR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month ALLR has a been trading in the 1.40 - 1.80 range, which is quite wide. It is currently trading near the lows of this range.
ALLR has an average volume of 8872200 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 ALLR is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ALLR is an average performer in the Biotechnology industry, it outperforms 66% of 534 stocks in the same industry.
ALLR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALLR is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ALLR 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. There is a support zone below the current price at 1.43, a Stop Loss order could be placed below this zone.
More info and screens
0.94
1.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.42 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.07 from a trend line in the weekly time frame.
- Support @0.95 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.69 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 | 83.96 | POSITIVE | ALLR has a high relative strength, it outperformed 83.96% off all stocks 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) | UP | POSITIVE | The current price of ALLR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALLR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.38 | NEUTRAL | The RSI value for ALLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ALLR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.49 | OVERSOLD | The low Stochastics value suggests ALLR may be oversold. |
| Average True Range in percent/ATR (20) | 7.85 | HIGH VOLATILITY | The high ATR as a percentage value for ALLR suggests high volalility. |
| Average Directional Index/ADX (14) | 26.16 | POSITIVE | The high ADX value value for ALLR suggests a strong 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)
1.51
+0.07 (+4.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.86%
1 Week-1.31%
2 Weeks-8.48%
1 Month-15.17%
3 Month48.04%
6 Month33.63%
12 Month0.67%
2 Year-99.55%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%7.85%
ATR Inc-43.37%
Range Today0.06
ADR(20)0.12
ADR(20)%7.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.96
Mansfield2.09
10 Day High1.8
10 Day Low1.4
20 Day High1.8
20 Day Low1.4
52 Week High2.35
52 Week Low0.61
CS1 End1.43
CR1 Start1.69
Volume & EV
DER(3)-2.3%
DER(5)-3.38%
Volume188.70K
Volume Incr-49.67%
Vol(5)288.17K
Vol(50)8.87M