ALLARITY THERAPEUTICS INC (ALLR) Stock Technical Analysis
NASDAQ:ALLR - Nasdaq - US0167445008 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to ALLR. In the past year, ALLR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ALLR is a bad performer in the overall market: 96% of all stocks are doing better.
ALLR is one of the lesser performing stocks in the Biotechnology industry. 76% of 558 stocks in the same industry do better.
ALLR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ALLR has a been trading in the 0.78 - 1.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALLR has a poor technical rating and the quality of the setup is also only medium 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
0.69
1.25
We found 4 important support areas.
- A support zone ranging from 0.97 to 0.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.82 from a trend line in the daily time frame.
- Support @0.80 from a horizontal line in the daily time frame.
- Support @0.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.04 from a trend line in the daily time frame.
- Resistance @1.06 from a horizontal line in the daily time frame.
- Resistance @1.14 from a horizontal line in the weekly time frame.
- Resistance @1.24 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 | UP | POSITIVE | The short term trend for ALLR is up. |
| ChartMill Relative Strength | 4.65 | NEGATIVE | ALLR has a low relative strength, it was outperformed by 95.35% 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) | UP | POSITIVE | The current price of ALLR is above the rising 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) | 56.18 | NEUTRAL | The RSI value for ALLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALLR has a positive trend. |
| Stochastics (14,3) | 66.84 | NEUTRAL | The Stochastics value for ALLR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.11 | HIGH VOLATILITY | The high ATR as a percentage value for ALLR suggests high volalility. |
| Average Directional Index/ADX (14) | 21.54 | NEUTRAL | The ADX value for ALLR suggests a possible start of a new 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)
0.9999
+0.02 (+2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.12%
1 Week7.52%
2 Weeks19.58%
1 Month12.35%
3 Month-3.86%
6 Month-7.42%
12 Month-84.34%
2 Year-99.97%
3 Year-100%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%7.11%
ATR Inc-20.36%
Range Today0.04
ADR(20)0.07
ADR(20)%6.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.65
Mansfield-5.44
10 Day High1.09
10 Day Low0.79
20 Day High1.09
20 Day Low0.78
52 Week High7.45
52 Week Low0.61
CS1 End0.99
CR1 Start1.04
Volume & EV
DER(3)-14.85%
DER(5)-6.19%
Volume295.10K
Volume Incr42.4%
Vol(5)645.94K
Vol(50)738.42K