ALLIENT INC (ALNT) Stock Technical Analysis
USA - NASDAQ:ALNT - US0193301092 - Common Stock
42.07 USD
-1.07 (-2.48%)
42.07 USD
0 (0%)
Overall ALNT gets a technical rating of 6 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.
In the last month ALNT has a been trading in the 41.75 - 48.09 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ALNT is one of the better performing stocks in the market, outperforming 93% of all stocks.
ALNT is one of the better performing stocks in the Electrical Equipment industry, it outperforms 73% of 93 stocks in the same industry.
ALNT 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 ALNT is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ALNT does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
23.36
48.30
When analyzing the support we notice one important area.
- Support @23.60 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 43.83 to 45.05. 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 46.87 to 47.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for ALNT is down. |
| ChartMill Relative Strength | 93.52 | POSITIVE | ALNT has a high relative strength, it outperformed 93.52% 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) | 39.8 | NEUTRAL | The RSI value for ALNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests ALNT has a negative trend. |
| Stochastics (14,3) | 6.51 | OVERSOLD | The low Stochastics value suggests ALNT may be oversold. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for ALNT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.25 | NEGATIVE | The low ADX value for ALNT suggests a weak or negative 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)
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 |
|---|---|---|---|
| 43.84 | 41.74 | 2.10 (4.79%) | 20.87% |
| An entry @43.84. This is a Buy Stop order right above the 10 day moving average. | An exit @41.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.10 points, which is 4.79%. | When investing 20.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
42.07
-1.07 (-2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.48%
1 Week-5.99%
2 Weeks-7.78%
1 Month-5.18%
3 Month9.02%
6 Month101.29%
12 Month122.01%
2 Year52.43%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.7
ATR(20)%3.92%
ATR Inc1.63%
Range Today1.9
ADR(20)1.63
ADR(20)%3.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.52
Mansfield2.6
10 Day High45.87
10 Day Low41.75
20 Day High48.09
20 Day Low41.75
52 Week High48.22
52 Week Low16.91
CS1 End23.6
CR1 Start43.83
Volume & EV
DER(3)-2.39%
DER(5)-2.28%
Volume111.10K
Volume Incr-29.26%
Vol(5)109.96K
Vol(50)172.10K