Altimmune Inc (ALT)       11.305  -0.46 (-3.95%)

11.305  -0.46 (-3.95%)

US02155H2004 - Common Stock

Technical Rating

Taking everything into account, ALT scores 8 out of 10 in our technical rating. Although ALT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



Both the short term and long term trends are positive. This is a very positive sign.
ALT is part of the Biotechnology industry. There are 643 other stocks in this industry. ALT outperforms 98% of them.
In the last month ALT has a been trading in the 4.90 - 12.03 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ALT has an average volume of 1426820. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ALT is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ALT is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so ALT is still doing slightly better than the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Statistics

1 Month 3 Months 6 Months 12 Months 132.61% 89.23% 28.49% 26.02% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 99.29 3.83 - 17.26
ALT Weekly chart
ALT Daily chart

Support/Resistance Analysis


8.70

11.90
When analyzing the support we notice one important area.
  • Support @8.79 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 11.63 to 11.78. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

Although ALT 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.


ALT Daily chart

Altimmune Inc11.305

NASDAQ:ALT (6/30/2022, 9:10:55 AM)-0.46 (-3.95%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology
Performance
Today -3.95% 1 Week 24.68%
2 Weeks 29.06% 1 Month 132.61%
3 Month 89.23% 6 Month 28.49%
Volatility
ATR(14) 1.35 ATR(20)% 9.28%
ATR Inc -21.81% Range Today 0.21
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 99.29 Mansfield 4.86
10 Day High 12.03 10 Day Low 7.2
20 Day High 12.03 20 Day Low 4.9
52 Week High 17.26 52 Week Low 3.83
CS1 End 8.79 CR1 Start N/A
Volume & EV
DER(3) 2.61% DER(5) 2.36%
Volume 700 Volume Incr 89.17%
Vol(5) 3.47M Vol(50) 1.43M

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