ALLIENT INC (ALNT) Stock Technical Analysis
NASDAQ:ALNT - Nasdaq - US0193301092 - Common Stock - Currency: USD
Taking everything into account, ALNT scores 9 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.
The long and short term trends are both positive. This is looking good!
ALNT is one of the better performing stocks in the Electrical Equipment industry, it outperforms 86% of 94 stocks in the same industry.
ALNT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ALNT is leading the market.
In the last month ALNT has a been trading in the 29.57 - 35.13 range, which is quite wide. It is currently trading near the high 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. However, this relatively good performance is mostly due to a recent big move.
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.
More info and screens
20.86
34.17
We found 3 important support areas.
- A support zone ranging from 29.87 to 29.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.56 from a trend line in the weekly time frame.
- Support @21.07 from a trend 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 | UP | POSITIVE | The short term trend for ALNT is up. |
| ChartMill Relative Strength | 93.02 | POSITIVE | ALNT has a high relative strength, it outperformed 93.02% 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) | 68.8 | NEUTRAL | The RSI value for ALNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.34 | OVERBOUGHT | The high Stochastics value suggests ALNT may be overbought. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for ALNT suggests some volalility. |
| Average Directional Index/ADX (14) | 44.57 | POSITIVE | The high ADX value value for ALNT suggests a strong 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)
33.83
-0.45 (-1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-1.31%
1 Week6.05%
2 Weeks11.28%
1 Month3.23%
3 Month43.04%
6 Month31.02%
12 Month39.22%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.13
ATR(20)%3.34%
ATR Inc-2.26%
Range Today1.19
ADR(20)1.08
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.02
Mansfield3.51
10 Day High35.13
10 Day Low30
20 Day High35.13
20 Day Low29.57
52 Week High35.13
52 Week Low16.91
CS1 End29.87
CR1 StartN/A
Volume & EV
DER(3)-2.36%
DER(5)-1.54%
Volume130.40K
Volume Incr17.4%
Vol(5)147.68K
Vol(50)112.34K