ALERUS FINANCIAL CORP (ALRS) Stock Technical Analysis
NASDAQ:ALRS - Nasdaq - US01446U1034 - Common Stock - Currency: USD
Taking everything into account, ALRS scores 1 out of 10 in our technical rating. ALRS performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, ALRS is a bad performer in the overall market: 71% of all stocks are doing better.
ALRS is part of the Financial Services industry. There are 101 other stocks in this industry, of which 66% are performing better than ALRS.
ALRS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ALRS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALRS is lagging the market.
ALRS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.72, a Stop Loss order could be placed below this zone.
More info and screens
20.24
23.42
We found 1 important support area.
- A support zone ranging from 20.44 to 20.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 21.68 to 21.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 22.66 to 23.19. 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 | NEUTRAL | NEUTRAL | The long term trend for ALRS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALRS is down. |
| ChartMill Relative Strength | 29.49 | NEGATIVE | ALRS has a low relative strength, it was outperformed by 70.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALRS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ALRS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.77 | NEUTRAL | The RSI value for ALRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests ALRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.48 | OVERSOLD | The low Stochastics value suggests ALRS may be oversold. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for ALRS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for ALRS suggests a weak or negative 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)
20.74
+0.25 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg1.22%
1 Week1.47%
2 Weeks-4.51%
1 Month-7.25%
3 Month-2.49%
6 Month-4.07%
12 Month-1.05%
2 Year6.36%
3 Year-12.71%
5 Year0.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%3.58%
ATR Inc-36.45%
Range Today0.51
ADR(20)0.67
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.49
Mansfield-0.87
10 Day High24.33
10 Day Low20.26
20 Day High24.33
20 Day Low20.26
52 Week High24.41
52 Week Low15.78
CS1 End20.72
CR1 Start21.68
Volume & EV
DER(3)-1.34%
DER(5)1.33%
Volume80.60K
Volume Incr24.62%
Vol(5)87.48K
Vol(50)73.36K