NASDAQ:ALRM - Nasdaq - US0116421050 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ALRM. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALRM was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, ALRM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 59.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.53, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
49.89
We found 3 important support areas.
3 important resistance areas can be observed.
58.76
-0.19 (-0.32%)