Overall ALNT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALNT is showing a nice and steady performance.
ALNT has an excellent technical rating, but the quality of the setup is 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
42.71
We found 4 important support areas.
- A support zone ranging from 50.92 to 52.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.38 to 49.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.92 from a trend line in the daily time frame.
- Support @43.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @56.70 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 ALNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALNT is up. |
| ChartMill Relative Strength | 94.63 | POSITIVE | ALNT has a high relative strength, it outperformed 94.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALNT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALNT is above 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) | 56.23 | NEUTRAL | The RSI value for ALNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ALNT has a positive trend. |
| Stochastics (14,3) | 85.02 | OVERBOUGHT | The high Stochastics value suggests ALNT may be overbought. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for ALNT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.12 | NEGATIVE | The low ADX value for ALNT 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 |
|---|---|---|---|
| 56.71 | 50.91 | 5.80 (10.23%) | 9.78% |
| An entry @56.71. This is a Buy Stop order right above the resistance zone. | An exit @50.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.80 points, which is 10.23%. | When investing 9.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
53.86
-0.28 (-0.52%)
ALLIENT INC / ALNT FAQ
Can you provide the ChartMill technical rating for ALLIENT INC?
ChartMill assigns a technical rating of 10 / 10 to ALNT.
What is the trend direction for ALNT stock?
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 56.2258. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ALLIENT INC?
The short term momentum for ALLIENT INC (ALNT) is positive.
What is the support and resistance level for ALNT stock?
ALLIENT INC (ALNT) has a support level at 52.34 and a resistance level at 56.7. Check the full technical report for our detailed analysis of ALNT support and resistance levels.