Taking everything into account, ALO scores 9 out of 10 in our technical rating. 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.
Although ALO has an excellent technical rating, it does not present a decent entry opportunity 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
0.91
We found 1 important support 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.
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 ALO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALO is up. |
| ChartMill Relative Strength | 96.87 | POSITIVE | ALO has a high relative strength, it outperformed 96.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.32 | OVERBOUGHT | The high RSI value suggests ALO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ALO has a positive trend. |
| Stochastics (14,3) | 90.7 | OVERBOUGHT | The high Stochastics value suggests ALO may be overbought. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for ALO suggests high volalility. |
1.26
+0.02 (+1.61%)
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.
Can you provide the trend direction for Alio Gold Corp?
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 short term momentum for Alio Gold Corp (ALO) stock?
The short term momentum for Alio Gold Corp (ALO) is positive.
Can you provide the support and resistance levels for Alio Gold Corp?
Alio Gold Corp (ALO) has a support level at 0.92. Check the full technical report for our detailed analysis of ALO support and resistance levels.