ALLIENT INC (ALNT) Technical Analysis
NASDAQ:ALNT • US0193301092
Current stock price
ALNT Technical Rating and Analysis
Taking everything into account, ALNT scores 8 out of 10 in our technical rating. In the last year, ALNT was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, ALNT did better than 96% of all other stocks. On top of that, ALNT also shows a nice and consistent pattern of rising prices.
- ALNT is one of the better performing stocks in the Electrical Equipment industry, it outperforms 85% of 92 stocks in the same industry.
- ALNT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ALNT is performing more or less in line with the market.
- In the last month ALNT has a been trading in the 55.13 - 67.63 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ALNT Weekly and Daily overview Charts
ALNT Setup Rating and Analysis
ALNT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 61.76, a Stop Loss order could be placed below this zone.
More info and screens
ALNT Support and Resistance Analysis
54.66
We found 2 important support areas.
- A support zone ranging from 59.89 to 61.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.21 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 62.88 to 63.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 68.37 to 68.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
ALNT Technical Indicator Signal Analysis
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 ALNT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALNT is neutral. |
| ChartMill Relative Strength | 96.88 | POSITIVE | ALNT has a high relative strength, it outperformed 96.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALNT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.86 | NEUTRAL | The RSI value for ALNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ALNT has a negative trend. |
| Stochastics (14,3) | 52.72 | NEUTRAL | The Stochastics value for ALNT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for ALNT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.59 | NEUTRAL | The ADX value for ALNT suggests a possible start of a new trend. |
ALNT Chart- and CandleStick Pattern Analysis
ALNT Example Setup
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 |
|---|---|---|---|
| 63.93 | 59.88 | 4.05 (6.34%) | 15.79% |
| An entry @63.93. This is a Buy Stop order right above the resistance zone. | An exit @59.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.05 points, which is 6.34%. | For a 1.00% total portfolio risk, you can invest 15.79% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALNT. 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.
ALNT Technicals: Chart, Performance Metrics, Trend & Indicators
62.42
+0.91 (+1.48%)
ALLIENT INC / ALNT TA FAQ
Can you provide the ChartMill technical rating for ALLIENT INC?
ChartMill assigns a technical rating of 8 / 10 to ALNT.
Can you provide the trend direction for ALLIENT INC?
The current trend direction for ALLIENT INC (ALNT) is Bullish.
What is the RSI signal for ALLIENT INC (ALNT) stock?
ALLIENT INC (ALNT) has an RSI value of 47.8561. This indicates that the stock is currently neutral.
What is the MACD signal for ALLIENT INC (ALNT) stock?
The MACD indicator for ALLIENT INC (ALNT) has a value of -0.0767386, indicating a bearish trend.
What is the support and resistance level for ALNT stock?
ALLIENT INC (ALNT) has a support level at 61.76 and a resistance level at 62.88. Check the full technical report for our detailed analysis of ALNT support and resistance levels.