ALLISON TRANSMISSION HOLDING (ALSN) Stock Technical Analysis
NYSE:ALSN • US01973R1014
We assign a technical rating of 9 out of 10 to ALSN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALSN is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- ALSN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ALSN has a been trading in the 108.50 - 119.45 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that ALSN is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- ALSN is an average performer in the Machinery industry, it outperforms 68% of 131 stocks in the same industry.
Besides having an excellent technical rating, ALSN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 117.80. Right above this resistance zone may be a good entry point.
More info and screens
80.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 116.19 to 116.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 108.70 to 108.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.41 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 117.80 to 117.80. 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 ALSN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALSN is up. |
| ChartMill Relative Strength | 83.85 | POSITIVE | ALSN has a high relative strength, it outperformed 83.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALSN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.19 | OVERBOUGHT | The high RSI value suggests ALSN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ALSN has a negative trend. |
| Stochastics (14,3) | 83.17 | OVERBOUGHT | The high Stochastics value suggests ALSN may be overbought. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for ALSN suggests some volalility. |
| Average Directional Index/ADX (14) | 53.48 | POSITIVE | The high ADX value value for ALSN 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 |
|---|---|---|---|
| 117.81 | 116.18 | 1.63 (1.38%) | 25.00% |
| An entry @117.81. This is a Buy Stop order right above the resistance zone. | An exit @116.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.63 points, which is 1.38%. | For a 0.35% 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 ALSN. 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.
117.78
+0.81 (+0.69%)
ALLISON TRANSMISSION HOLDING / ALSN FAQ
Can you provide the ChartMill technical rating for ALLISON TRANSMISSION HOLDING?
ChartMill assigns a technical rating of 9 / 10 to ALSN.
What is the current trend direction of ALLISON TRANSMISSION HOLDING (ALSN) stock?
The current trend direction for ALLISON TRANSMISSION HOLDING (ALSN) is Bullish.
What is the RSI signal for ALSN stock?
ALLISON TRANSMISSION HOLDING (ALSN) has an RSI value of 70.1876. This indicates that the stock is currently overbought.
Can you provide the short term momentum for ALLISON TRANSMISSION HOLDING?
The short term momentum for ALLISON TRANSMISSION HOLDING (ALSN) is positive.
Can you provide the buy/sell signal for ALLISON TRANSMISSION HOLDING?
The buy/sell signal for ALLISON TRANSMISSION HOLDING (ALSN) is buy as both the short term and long term trends are positive.