ALNYLAM PHARMACEUTICALS INC (ALNY)       219.64  -6.56 (-2.9%)

219.64  -6.56 (-2.9%)

US02043Q1076 - Common Stock - After market: 219.64 0 (0%)

Technical Rating

8

Taking everything into account, ALNY scores 8 out of 10 in our technical rating. Although ALNY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
ALNY is part of the Biotechnology industry. There are 635 other stocks in this industry. ALNY outperforms 87% of them.
ALNY is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ALNY slightly outperforms the market at the moment.
When comparing the yearly performance of all stocks, we notice that ALNY is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month ALNY has a been trading in the 197.22 - 235.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 7.18% -1.63% 66.26% 26.48% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 91.43 117.58 - 236.8
ALNY Weekly chart
ALNY Daily chart

Support/Resistance Analysis


167.24

236.75
We found 3 important support areas.
  • A support zone ranging from 208.65 to 217.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 204.78 to 205.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @168.93 from a trend line in the weekly time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 234.41 to 234.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

ALNY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 234.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 217.16, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • 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.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
234.42208.6425.78 (11.00%)9.09%
An entry @234.42. This is a Buy Stop order right above the resistance zone.An exit @208.64. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 25.78 points, which is 11.00%.When investing 9.09% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
ALNY Daily chart

ALNYLAM PHARMACEUTICALS INC219.64

NASDAQ:ALNY (12/6/2022, 7:21:00 PM)-6.56 (-2.9%)

After market: 219.64 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology
Performance
Today -2.9% 1 Week 7.25%
2 Weeks 6.29% 1 Month 7.18%
3 Month -1.63% 6 Month 66.26%
Volatility
ATR(14) 10.09 ATR(20)% 4.3%
ATR Inc 8.88% Range Today 10.99
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 91.43 Mansfield 3.21
10 Day High 235.48 10 Day Low 203.53
20 Day High 235.48 20 Day Low 197.22
52 Week High 236.8 52 Week Low 117.58
CS1 End 217.16 CR1 Start 234.41
Volume & EV
DER(3) 2.67% DER(5) 2.5%
Volume 425.40K Volume Incr 54.57%
Vol(5) 1.04M Vol(50) 914.04K

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