ALLIENT INC (ALNT) Stock Technical Analysis
USA - NASDAQ:ALNT - US0193301092 - Common Stock
We assign a technical rating of 10 out of 10 to ALNT. Both in the recent history as in the last year, ALNT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although ALNT has an excellent technical rating, the quality of the presented setup is not ideal 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
We found 5 important support areas.
- Support @50.51 from a horizontal line in the daily time frame.
- A support zone ranging from 47.48 to 48.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.35 from a trend line in the daily time frame.
- Support @44.63 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 | NEUTRAL | NEUTRAL | The short term trend for ALNT is neutral. |
| ChartMill Relative Strength | 95.59 | POSITIVE | ALNT has a high relative strength, it outperformed 95.59% 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) | 52.31 | NEUTRAL | The RSI value for ALNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests ALNT has a negative trend. |
| Stochastics (14,3) | 52.62 | NEUTRAL | The Stochastics value for ALNT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for ALNT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.75 | POSITIVE | The high ADX value value for ALNT suggests a strong trend. |
52.26
+1.74 (+3.44%)
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 52.3065. 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 50.51 and a resistance level at 56.7. Check the full technical report for our detailed analysis of ALNT support and resistance levels.