ALTIMMUNE INC (ALT) Stock Technical Analysis
NASDAQ:ALT - Nasdaq - US02155H2004 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ALT. ALT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ALT is one of the better performing stocks in the Biotechnology industry, it outperforms 81% of 559 stocks in the same industry.
In the last month ALT has a been trading in the 5.15 - 7.48 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 2626250 traded shares per day. 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 81% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ALT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALT is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ALT has an excellent technical rating, it does not present a decent entry opportunity 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
4.46
7.23
We found 3 important support areas.
- A support zone ranging from 5.70 to 5.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.43 from a trend line in the daily time frame.
- Support @4.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.10 to 7.16. 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 | NEUTRAL | NEUTRAL | The long term trend for ALT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALT is up. |
| ChartMill Relative Strength | 81.46 | POSITIVE | ALT has a high relative strength, it outperformed 81.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.84 | NEUTRAL | The RSI value for ALT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ALT has a positive trend. |
| Stochastics (14,3) | 77.94 | NEUTRAL | The Stochastics value for ALT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.07 | HIGH VOLATILITY | The high ATR as a percentage value for ALT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.2 | POSITIVE | The high ADX value value for ALT suggests a strong 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)
6.92
-0.23 (-3.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.22%
1 Week23.13%
2 Weeks27.44%
1 Month19.72%
3 Month16.89%
6 Month-23.37%
12 Month13.26%
2 Year96.03%
3 Year-40.85%
5 Year-35.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%6.07%
ATR Inc143.19%
Range Today0.66
ADR(20)0.41
ADR(20)%5.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.46
Mansfield0.09
10 Day High7.48
10 Day Low5.15
20 Day High7.48
20 Day Low5.15
52 Week High11.16
52 Week Low3.55
CS1 End5.83
CR1 Start7.1
Volume & EV
DER(3)1.02%
DER(5)3.07%
Volume4.34M
Volume Incr104.68%
Vol(5)5.11M
Vol(50)2.63M