ALERUS FINANCIAL CORP (ALRS) Stock Technical Analysis
USA - NASDAQ:ALRS - US01446U1034 - Common Stock
22.62 USD
-0.13 (-0.57%)
22.62 USD
0 (0%)
We assign a technical rating of 7 out of 10 to ALRS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALRS is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ALRS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALRS is lagging the market slightly.
In the last month ALRS has a been trading in the 22.03 - 23.82 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, ALRS outperforms 45% of them, which is more or less in line with the market.
ALRS is an average performer in the Financial Services industry, it outperforms 58% of 101 stocks in the same industry.
Although ALRS has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.
More info and screens
20.24
23.65
We found 4 important support areas.
- Support @22.61 from a trend line in the weekly time frame.
- A support zone ranging from 21.92 to 22.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 found 1 important resistance area.
- A resistance zone ranging from 22.66 to 23.42. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ALRS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALRS is neutral. |
| ChartMill Relative Strength | 45.75 | NEUTRAL | ALRS is not amongst the best or worst performers 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) | 51.18 | NEUTRAL | The RSI value for ALRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ALRS has a negative trend. |
| Stochastics (14,3) | 39.61 | NEUTRAL | The Stochastics value for ALRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for ALRS suggests some volalility. |
| Average Directional Index/ADX (14) | 17 | 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)
22.62
-0.13 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.57%
1 Week-2.2%
2 Weeks-0.4%
1 Month1.53%
3 Month3.15%
6 Month23.61%
12 Month1.39%
2 Year24.42%
3 Year2.35%
5 Year15.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%2.14%
ATR Inc66.21%
Range Today0.35
ADR(20)0.47
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.75
Mansfield-0.24
10 Day High23.82
10 Day Low22.17
20 Day High23.82
20 Day Low22.03
52 Week High24.41
52 Week Low15.78
CS1 End22.61
CR1 Start22.66
Volume & EV
DER(3)-2.32%
DER(5)-0.26%
Volume61.50K
Volume Incr12.27%
Vol(5)85.70K
Vol(50)82.75K