ALERUS FINANCIAL CORP (ALRS) Stock Technical Analysis
USA - NASDAQ:ALRS - US01446U1034 - Common Stock
We assign a technical rating of 0 out of 10 to ALRS. ALRS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ALRS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.59, a Stop Loss order could be placed below this zone.
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20.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.19 to 21.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.77 from a horizontal line in the daily time frame.
- A support zone ranging from 20.44 to 20.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 21.76 to 22.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.84 from a horizontal line in the daily time frame.
- Resistance @23.42 from a horizontal line in the daily time frame.
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 | 26.8 | NEGATIVE | ALRS has a low relative strength, it was outperformed by 73.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALRS is above 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) | UP | POSITIVE | The current price of ALRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.2 | NEUTRAL | The RSI value for ALRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALRS has a positive trend. |
| Stochastics (14,3) | 56.54 | NEUTRAL | The Stochastics value for ALRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for ALRS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.11 | NEGATIVE | The low ADX value for ALRS suggests a weak or negative trend. |
21.69
+0.54 (+2.55%)
ALERUS FINANCIAL CORP / ALRS FAQ
What is the technical rating for ALRS stock?
ChartMill assigns a technical rating of 0 / 10 to ALRS.
What is the current trend direction of ALERUS FINANCIAL CORP (ALRS) stock?
The current trend direction for ALERUS FINANCIAL CORP (ALRS) is Bearish.
What is the RSI signal for ALRS stock?
ALERUS FINANCIAL CORP (ALRS) has an RSI value of 49.2032. This indicates that the stock is currently neutral.
What is the MACD signal for ALRS stock?
The MACD indicator for ALERUS FINANCIAL CORP (ALRS) has a value of 0.0192273, indicating a bearish trend.
What is the support and resistance level for ALRS stock?
ALERUS FINANCIAL CORP (ALRS) has a support level at 21.59 and a resistance level at 21.76. Check the full technical report for our detailed analysis of ALRS support and resistance levels.