ALLIENT INC (ALNT) Stock Technical Analysis
USA - NASDAQ:ALNT - US0193301092 - Common Stock
45.86 USD
+0.62 (+1.37%)
45.86 USD
0 (0%)
Taking everything into account, ALNT scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ALNT did better than 95% of all other stocks. On top of that, ALNT also shows a nice and consistent pattern of rising prices.
ALNT is part of the Electrical Equipment industry. There are 92 other stocks in this industry. ALNT outperforms 82% of them.
ALNT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
ALNT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, ALNT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 46.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.86, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
23.01
47.81
4 important support areas can be observed.
- A support zone ranging from 45.77 to 45.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.36 from a horizontal line in the daily time frame.
- Support @43.56 from a trend line in the daily time frame.
- Support @23.24 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.87 to 47.34. 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 | UP | POSITIVE | The short term trend for ALNT is up. |
| ChartMill Relative Strength | 95.23 | POSITIVE | ALNT has a high relative strength, it outperformed 95.23% 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) | 54.59 | NEUTRAL | The RSI value for ALNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests ALNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.64 | NEUTRAL | The Stochastics value for ALNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for ALNT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.43 | NEUTRAL | The ADX value for ALNT suggests a possible start of a new 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 |
|---|---|---|---|
| 47.35 | 45.76 | 1.59 (3.36%) | 25.00% |
| An entry @47.35. This is a Buy Stop order right above the resistance zone. | An exit @45.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.59 points, which is 3.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- 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.
45.86
+0.62 (+1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.37%
1 Week0.44%
2 Weeks2.66%
1 Month3.92%
3 Month36%
6 Month92.61%
12 Month126.36%
2 Year48.32%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.68
ATR(20)%3.57%
ATR Inc17.15%
Range Today1.93
ADR(20)1.59
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.23
Mansfield4.48
10 Day High47.22
10 Day Low43.82
20 Day High48.18
20 Day Low42.38
52 Week High48.22
52 Week Low16.91
CS1 End45.86
CR1 Start46.87
Volume & EV
DER(3)-0.33%
DER(5)1%
Volume204.50K
Volume Incr5.81%
Vol(5)165.78K
Vol(50)178.12K