ALTIMMUNE INC (ALT) Stock Technical Analysis
NASDAQ:ALT • US02155H2004
We assign a technical rating of 2 out of 10 to ALT. In the last year, ALT was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, ALT is a bad performer in the overall market: 85% of all stocks are doing better.
- ALT is one of the lesser performing stocks in the Biotechnology industry. 64% of 521 stocks in the same industry do better.
- In the last month ALT has a been trading in the 4.27 - 6.36 range, which is quite wide. It is currently trading near the lows of this range.
- ALT has an average volume of 5212710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- ALT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALT is lagging the market.
- Considerably lower volume is observed in the last couple of days.
ALT has a poor technical rating and the quality of the setup is also not perfect 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
3.47
3 important support areas can be observed.
- A support zone ranging from 4.37 to 4.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.56 to 3.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.50 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.57 to 4.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.37 from a trend line in the weekly time frame.
- Resistance @5.98 from a trend 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 ALT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALT is neutral. |
| ChartMill Relative Strength | 15 | NEGATIVE | ALT has a low relative strength, it was outperformed by 85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ALT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.74 | NEUTRAL | The RSI value for ALT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ALT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.5 | OVERSOLD | The low Stochastics value suggests ALT may be oversold. |
| Average True Range in percent/ATR (20) | 8.24 | HIGH VOLATILITY | The high ATR as a percentage value for ALT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.42 | NEGATIVE | The low ADX value for ALT suggests a weak or negative trend. |
4.57
+0.05 (+1.11%)
ALTIMMUNE INC / ALT FAQ
What is the ChartMill technical rating of ALTIMMUNE INC (ALT) stock?
ChartMill assigns a technical rating of 2 / 10 to ALT.
What is the trend direction for ALT stock?
The current trend direction for ALTIMMUNE INC (ALT) is Bearish.
Can you provide the RSI signal for ALTIMMUNE INC?
ALTIMMUNE INC (ALT) has an RSI value of 46.7361. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ALTIMMUNE INC?
The short term momentum for ALTIMMUNE INC (ALT) is neutral.
What are the support and resistance levels for ALTIMMUNE INC (ALT) stock?
ALTIMMUNE INC (ALT) has a support level at 4.37 and a resistance level at 4.57. Check the full technical report for our detailed analysis of ALT support and resistance levels.