We assign a technical rating of 9 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.
Besides having an excellent technical rating, ALNT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 55.41, a Stop Loss order could be placed below this zone.
More info and screens
42.71
We found 6 important support areas.
- A support zone ranging from 55.08 to 55.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.57 to 53.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.05 from a horizontal line in the weekly time frame.
- Support @49.93 from a trend line in the daily time frame.
- Support @48.38 from a horizontal line in the daily time frame.
- Support @43.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @55.59 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 56.69 to 56.87. This zone is formed by a combination of multiple trend lines 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 | 96.15 | POSITIVE | ALNT has a high relative strength, it outperformed 96.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALNT is above 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) | 54.6 | NEUTRAL | The RSI value for ALNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ALNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.13 | NEUTRAL | The Stochastics value for ALNT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for ALNT suggests some volalility. |
| Average Directional Index/ADX (14) | 10.99 | 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 |
|---|---|---|---|
| 55.60 | 55.07 | 0.53 (0.95%) | 25.00% |
| An entry @55.60. This is a Buy Stop order right above the resistance zone. | An exit @55.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.53 points, which is 0.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- 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.
55.58
+1.83 (+3.4%)
ALLIENT INC / ALNT FAQ
Can you provide the ChartMill technical rating for ALLIENT INC?
ChartMill assigns a technical rating of 9 / 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 54.5959. 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 -0.164358, indicating a bearish trend.
What is the support and resistance level for ALNT stock?
ALLIENT INC (ALNT) has a support level at 55.41 and a resistance level at 55.59. Check the full technical report for our detailed analysis of ALNT support and resistance levels.