ALNYLAM PHARMACEUTICALS INC (ALNY) Stock Technical Analysis
NASDAQ:ALNY - Nasdaq - US02043Q1076 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to ALNY. Both in the recent history as in the last year, ALNY 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.
When comparing the yearly performance of all stocks, we notice that ALNY is one of the better performing stocks in the market, outperforming 95% of all stocks.
ALNY is part of the Biotechnology industry. There are 559 other stocks in this industry. ALNY outperforms 94% of them.
ALNY 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 ALNY is leading the market.
ALNY 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
ALNY has an average volume of 1020940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALNY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 304.17, a Stop Loss order could be placed below this zone.
More info and screens
233.20
311.09
We found 4 important support areas.
- A support zone ranging from 297.76 to 304.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 277.26 to 280.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @248.87 from a trend line in the weekly time frame.
- Support @235.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 308.00 to 308.01. 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 ALNY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALNY is up. |
| ChartMill Relative Strength | 95.47 | POSITIVE | ALNY has a high relative strength, it outperformed 95.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALNY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALNY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALNY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.12 | NEUTRAL | The RSI value for ALNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.79 | NEGATIVE | The MACD value suggests ALNY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 75.07 | NEUTRAL | The Stochastics value for ALNY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ALNY suggests some volalility. |
| Average Directional Index/ADX (14) | 30.49 | POSITIVE | The high ADX value value for ALNY 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)
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 |
|---|---|---|---|
| 308.02 | 297.75 | 10.27 (3.33%) | 25.00% |
| An entry @308.02. This is a Buy Stop order right above the resistance zone. | An exit @297.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.27 points, which is 3.33%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALNY. 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.
307.99
+3.32 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.09%
1 Week2.38%
2 Weeks1.13%
1 Month8.68%
3 Month27.39%
6 Month25.48%
12 Month92.03%
2 Year62.15%
3 Year111.17%
5 Year107.95%
10 Year156.94%
15 Year1950.53%
Volatility
ATR(14)8.44
ATR(20)%2.73%
ATR Inc14.23%
Range Today7.05
ADR(20)8.36
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.47
Mansfield1.38
10 Day High310.22
10 Day Low295.82
20 Day High310.22
20 Day Low280.6
52 Week High310.22
52 Week Low152.3
CS1 End304.17
CR1 Start308
Volume & EV
DER(3)-0.22%
DER(5)0.44%
Volume571.80K
Volume Incr-38.68%
Vol(5)605.52K
Vol(50)1.02M