Logo image of ALO

Alio Gold Corp (ALO) Stock Technical Analysis

USA - NYSEARCA:ALO -

1.26
+0.02 (+1.61%)
Last: 6/30/2020, 9:06:36 PM
1.29
+0.03 (+2.38%)
After Hours: 6/30/2020, 9:06:36 PM
Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to ALO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALO is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by ALO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ALO has a been trading in the 0.86 - 1.35 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that ALO is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Weekly and Daily overview Charts
Alio Gold Corp / ALO Weekly stock chart
Alio Gold Corp / ALO Daily stock chart
Setup Rating and Analysis

3

Although ALO 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.

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Support and Resistance Analysis

0.91

1.27

When analyzing the support we notice one important area.

  • A support zone ranging from 0.92 to 0.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ALO is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ALO is up.
ChartMill Relative Strength96.87POSITIVEALO has a high relative strength, it outperformed 96.87% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ALO is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ALO is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ALO is above the rising SMA(200).
Relative Strength Index/RSI (14)79.32OVERBOUGHTThe high RSI value suggests ALO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.03POSITIVEThe MACD value suggests ALO has a positive trend.
Stochastics (14,3)90.7OVERBOUGHTThe high Stochastics value suggests ALO may be overbought.
Average True Range in percent/ATR (20)6.61HIGH VOLATILITYThe high ATR as a percentage value for ALO suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

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Alio Gold Corp / ALO Daily stock chart

Alio Gold Corp

NYSEARCA:ALO (6/30/2020, 9:06:36 PM)

After market: 1.29 +0.03 (+2.38%)

1.26

+0.02 (+1.61%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.61%
1 Week13.51%
2 Weeks38.87%
1 Month34.04%
3 Month159.74%
6 Month55.44%
12 Month57.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%6.61%
ATR Inc76.17%
Range Today0.21
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.87
3 months CRSN/A
6 months CRSN/A
Mansfield6.99
10 Day High1.35
10 Day Low0.9
20 Day High1.35
20 Day Low0.86
52 Week High1.35
52 Week Low0.28
CS1 End0.92
CR1 StartN/A
Volume & EV
DER(3)3.8%
DER(5)-2.34%
Volume754.50K
Volume Incr128.39%
Vol(5)586.46K
Vol(50)305.48K

Alio Gold Corp / ALO FAQ

What is the ChartMill technical rating of Alio Gold Corp (ALO) stock?

ChartMill assigns a technical rating of 8 / 10 to ALO.


What is the trend direction for ALO stock?

The current trend direction for Alio Gold Corp (ALO) is Bullish.


What is the RSI signal for ALO stock?

Alio Gold Corp (ALO) has an RSI value of 79.3191. This indicates that the stock is currently overbought.


What is the MACD signal for Alio Gold Corp (ALO) stock?

The MACD indicator for Alio Gold Corp (ALO) has a value of 0.0271656, indicating a bearish trend.


What is the buy/sell signal for ALO stock?

The buy/sell signal for Alio Gold Corp (ALO) is buy as both the short term and long term trends are positive.