ALLARITY THERAPEUTICS INC (ALLR) Stock Technical Analysis
NASDAQ:ALLR • US0167445008
Taking everything into account, ALLR scores 0 out of 10 in our technical rating. ALLR 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 85% of all other stocks performed better in the past year than ALLR.
- ALLR is one of the lesser performing stocks in the Biotechnology industry. 61% of 522 stocks in the same industry do better.
- ALLR 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 ALLR has a been trading in the 0.77 - 1.26 range, which is quite wide. It is currently trading near the lows of this range.
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.
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0.79
When analyzing the support we notice one important area.
- A support zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.94 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.07 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.11 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 | 15.94 | NEGATIVE | ALLR has a low relative strength, it was outperformed by 84.06% 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) | DOWN | NEGATIVE | The current price of ALLR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALLR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.58 | 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) | 20.38 | NEUTRAL | The Stochastics value for ALLR is a neutral value. |
| Average True Range in percent/ATR (20) | 10.42 | HIGH VOLATILITY | The high ATR as a percentage value for ALLR suggests high volalility. |
| Average Directional Index/ADX (14) | 29.24 | POSITIVE | The high ADX value value for ALLR suggests a strong trend. |
0.8451
0 (-0.02%)
ALLARITY THERAPEUTICS INC / ALLR FAQ
Can you provide the ChartMill technical rating for ALLARITY THERAPEUTICS INC?
ChartMill assigns a technical rating of 0 / 10 to ALLR.
Can you provide the trend direction for ALLARITY THERAPEUTICS INC?
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 34.5844. This indicates that the stock is currently neutral.
What is the short term momentum for ALLARITY THERAPEUTICS INC (ALLR) stock?
The short term momentum for ALLARITY THERAPEUTICS INC (ALLR) is negative.
What are the support and resistance levels for ALLARITY THERAPEUTICS INC (ALLR) stock?
ALLARITY THERAPEUTICS INC (ALLR) has a support level at 0.81 and a resistance level at 0.86. Check the full technical report for our detailed analysis of ALLR support and resistance levels.