ALERUS FINANCIAL CORP (ALRS) Technical Analysis
NASDAQ:ALRS • US01446U1034
Current stock price
ALRS Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ALRS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALRS is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ALRS is one of the better performing stocks in the market, outperforming 76% of all stocks. We also observe that the gains produced by ALRS over the past year are nicely spread over this period.
- ALRS is one of the better performing stocks in the Financial Services industry, it outperforms 79% of 99 stocks in the same industry.
- ALRS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ALRS has a been trading in the 23.64 - 27.60 range, which is quite wide. It is currently trading near the high of this range.
ALRS Weekly and Daily overview Charts
ALRS Setup Rating and Analysis
Although ALRS 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.
More info and screens
ALRS Support and Resistance Analysis
21.23
3 important support areas can be observed.
- A support zone ranging from 24.03 to 24.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.10 to 23.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.44 from a horizontal line in the daily time frame.
ALRS 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.
| 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 | 76.35 | POSITIVE | ALRS has a high relative strength, it outperformed 76.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALRS is above 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) | 72.13 | OVERBOUGHT | The high RSI value suggests ALRS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests ALRS has a positive trend. |
| Stochastics (14,3) | 74.52 | NEUTRAL | The Stochastics value for ALRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for ALRS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.81 | POSITIVE | The high ADX value value for ALRS suggests a strong trend. |
ALRS Chart- and CandleStick Pattern Analysis
ALRS Technicals: Chart, Performance Metrics, Trend & Indicators
26.95
+0.01 (+0.04%)
ALERUS FINANCIAL CORP / ALRS TA FAQ
Can you provide the ChartMill technical rating for ALERUS FINANCIAL CORP?
ChartMill assigns a technical rating of 10 / 10 to ALRS.
What is the trend direction for ALRS stock?
The current trend direction for ALERUS FINANCIAL CORP (ALRS) is Bullish.
What is the RSI signal for ALERUS FINANCIAL CORP (ALRS) stock?
ALERUS FINANCIAL CORP (ALRS) has an RSI value of 72.126. This indicates that the stock is currently overbought.
What is the short term momentum for ALERUS FINANCIAL CORP (ALRS) stock?
The short term momentum for ALERUS FINANCIAL CORP (ALRS) is positive.
Can you provide the support and resistance levels for ALERUS FINANCIAL CORP?
ALERUS FINANCIAL CORP (ALRS) has a support level at 24.78. Check the full technical report for our detailed analysis of ALRS support and resistance levels.