ALLIENT INC (ALNT) Stock Technical Analysis
USA - NASDAQ:ALNT - US0193301092 - Common Stock
We assign a technical rating of 10 out of 10 to ALNT. 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.
Although ALNT has an excellent technical rating, it does not offer a high quality setup 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.
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42.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 48.19 to 48.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.16 from a trend line in the daily time frame.
- Support @44.52 from a trend line in the daily time frame.
- A support zone ranging from 43.14 to 43.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for ALNT is neutral. |
| ChartMill Relative Strength | 95.28 | POSITIVE | ALNT has a high relative strength, it outperformed 95.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALNT is below the rising 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) | 48.14 | NEUTRAL | The RSI value for ALNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests ALNT has a negative trend. |
| Stochastics (14,3) | 52.42 | NEUTRAL | The Stochastics value for ALNT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for ALNT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.94 | POSITIVE | The high ADX value value for ALNT suggests a strong trend. |
50.52
-2.99 (-5.59%)
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 48.1434. 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 neutral.
What is the support and resistance level for ALNT stock?
ALLIENT INC (ALNT) has a support level at 48.22 and a resistance level at 56.7. Check the full technical report for our detailed analysis of ALNT support and resistance levels.