We assign a technical rating of 1 out of 10 to ALLR. ALLR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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.
- When comparing the yearly performance of all stocks, ALLR is a bad performer in the overall market: 82% of all stocks are doing better.
- In the last month ALLR has a been trading in the 0.97 - 1.23 range, which is quite wide. It is currently trading near the high of this range.
- ALLR is an average performer in the Biotechnology industry, it outperforms 45% of 525 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.
ALLR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.17. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ALLR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
0.98
When analyzing the support we can see 4 important areas.
- Support @1.07 from a trend line in the weekly time frame.
- Support @1.03 from a horizontal line in the weekly time frame.
- Support @1.01 from a trend line in the daily time frame.
- Support @0.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.17 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.22 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 ALLR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALLR is neutral. |
| ChartMill Relative Strength | 18.64 | NEGATIVE | ALLR has a low relative strength, it was outperformed by 81.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALLR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ALLR is above 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) | 51.93 | NEUTRAL | The RSI value for ALLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALLR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.96 | NEUTRAL | The Stochastics value for ALLR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.46 | HIGH VOLATILITY | The high ATR as a percentage value for ALLR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for ALLR suggests a weak or negative trend. |
1.16
-0.02 (-1.69%)
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.
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 51.9306. 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 neutral.
What are the support and resistance levels for ALLARITY THERAPEUTICS INC (ALLR) stock?
ALLARITY THERAPEUTICS INC (ALLR) has a support level at 1.07 and a resistance level at 1.17. Check the full technical report for our detailed analysis of ALLR support and resistance levels.