ALLURION TECHNOLOGIES INC (ALUR) Stock Technical Analysis
NYSE:ALUR - New York Stock Exchange, Inc. - US02008G2012 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ALUR. ALUR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
98% of all other stocks performed better in the past year than ALUR.
ALUR is one of the lesser performing stocks in the Diversified Consumer Services industry. 81% of 71 stocks in the same industry do better.
ALUR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ALUR has a been trading in the 2.30 - 3.33 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
The technical rating of ALUR is bad and it also does not present a 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.
More info and screens
2.26
3.38
When analyzing the support we can see 2 important areas.
- Support @2.39 from a trend line in the daily time frame.
- A support zone ranging from 2.28 to 2.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.77 to 2.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.85 to 2.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.17 to 3.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.35 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for ALUR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALUR is down. |
| ChartMill Relative Strength | 2.38 | NEGATIVE | ALUR has a low relative strength, it was outperformed by 97.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALUR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALUR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALUR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.23 | NEUTRAL | The RSI value for ALUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ALUR has a negative trend. |
| Stochastics (14,3) | 19.59 | OVERSOLD | The low Stochastics value suggests ALUR may be oversold. |
| Average True Range in percent/ATR (20) | 7.79 | HIGH VOLATILITY | The high ATR as a percentage value for ALUR suggests high volalility. |
| Average Directional Index/ADX (14) | 19.28 | NEGATIVE | The low ADX value for ALUR 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)
2.49
-0.05 (-1.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-1.97%
1 Week-9.78%
2 Weeks-10.43%
1 Month-16.16%
3 Month-21.45%
6 Month-51.65%
12 Month-84.91%
2 Year-97.5%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%7.79%
ATR Inc114.16%
Range Today0.35
ADR(20)0.19
ADR(20)%7.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.38
Mansfield-6.93
10 Day High2.9
10 Day Low2.3
20 Day High3.33
20 Day Low2.3
52 Week High22.25
52 Week Low2.15
CS1 End2.39
CR1 Start2.77
Volume & EV
DER(3)-2.37%
DER(5)-3.89%
Volume90.50K
Volume Incr-11.41%
Vol(5)77.32K
Vol(50)125.55K