ALLOT LTD (ALLT) Stock Technical Analysis
NASDAQ:ALLT • IL0010996549
Overall ALLT gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that ALLT is one of the better performing stocks in the market, outperforming 84% of all stocks.
- ALLT is part of the Software industry. There are 277 other stocks in this industry. ALLT outperforms 91% of them.
- ALLT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALLT is lagging the market slightly.
- In the last month ALLT has a been trading in the 9.11 - 10.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALLT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALLT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.87 to 10.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.13 to 9.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.85 from a horizontal line in the weekly time frame.
- Support @8.34 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.29 to 10.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.85 from a horizontal line in the weekly time frame.
- Resistance @11.21 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 | UP | POSITIVE | The long term trend for ALLT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALLT is neutral. |
| ChartMill Relative Strength | 84.47 | POSITIVE | ALLT has a high relative strength, it outperformed 84.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALLT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALLT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.16 | NEUTRAL | The RSI value for ALLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ALLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.28 | NEUTRAL | The Stochastics value for ALLT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ALLT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.38 | NEGATIVE | The low ADX value for ALLT suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.37 | 9.86 | 0.51 (4.92%) | 20.33% |
| An entry @10.37. This is a Buy Stop order right above the resistance zone. | An exit @9.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.51 points, which is 4.92%. | For a 1.00% total portfolio risk, you can invest 20.33% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALLT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.26
+0.3 (+3.01%)
ALLOT LTD / ALLT FAQ
What is the technical rating for ALLT stock?
ChartMill assigns a technical rating of 7 / 10 to ALLT.
What is the trend direction for ALLT stock?
The current trend direction for ALLOT LTD (ALLT) is Bullish.
Can you provide the RSI signal for ALLOT LTD?
ALLOT LTD (ALLT) has an RSI value of 52.1591. This indicates that the stock is currently neutral.
What are the support and resistance levels for ALLOT LTD (ALLT) stock?
ALLOT LTD (ALLT) has a support level at 10.15 and a resistance level at 10.29. Check the full technical report for our detailed analysis of ALLT support and resistance levels.