ALERUS FINANCIAL CORP (ALRS) Stock Technical Analysis
NASDAQ:ALRS - Nasdaq - US01446U1034 - Common Stock - Currency: USD
Overall ALRS gets a technical rating of 8 out of 10. Although ALRS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, ALRS also presents a decent setup pattern. 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 22.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.77, a Stop Loss order could be placed below this zone.
More info and screens
20.56
We found 1 important support area.
- A support zone ranging from 20.77 to 20.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 22.00 to 22.32. 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 ALRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALRS is up. |
| ChartMill Relative Strength | 70.82 | POSITIVE | ALRS has a high relative strength, it outperformed 70.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALRS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALRS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.39 | NEUTRAL | The RSI value for ALRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ALRS has a negative trend. |
| Stochastics (14,3) | 19.87 | OVERSOLD | The low Stochastics value suggests ALRS may be oversold. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ALRS suggests some volalility. |
| Average Directional Index/ADX (14) | 42.48 | POSITIVE | The high ADX value value for ALRS suggests a strong trend. |
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 |
|---|---|---|---|
| 21.56 | 20.76 | 0.80 (3.71%) | 25.00% |
| An entry @21.56. This is a Buy Stop order right above the 10 day moving average. | An exit @20.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.80 points, which is 3.71%. | For a 0.93% 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 ALRS. 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.
NASDAQ:ALRS (5/29/2025, 12:10:28 PM)
20.89
-0.08 (-0.38%)