ALVOTECH SA (ALVO) Stock Technical Analysis
USA - NASDAQ:ALVO - LU2458332611 - Common Stock
Overall ALVO gets a technical rating of 0 out of 10. ALVO'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 technical rating of ALVO 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
5.52
We can see 4 important resistance areas.
- Resistance @5.72 from a horizontal line in the daily time frame.
- Resistance @8.18 from a trend line in the weekly time frame.
- A resistance zone ranging from 8.37 to 8.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 8.94 to 9.12. 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 | DOWN | NEGATIVE | The long term trend for ALVO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALVO is down. |
| ChartMill Relative Strength | 5.3 | NEGATIVE | ALVO has a low relative strength, it was outperformed by 94.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALVO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALVO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALVO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.14 | NEUTRAL | The RSI value for ALVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests ALVO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.35 | NEUTRAL | The Stochastics value for ALVO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.19 | HIGH VOLATILITY | The high ATR as a percentage value for ALVO suggests high volalility. |
| Average Directional Index/ADX (14) | 29.46 | POSITIVE | The high ADX value value for ALVO suggests a strong trend. |
5.58
+0.1 (+1.82%)
ALVOTECH SA / ALVO FAQ
What is the ChartMill technical rating of ALVOTECH SA (ALVO) stock?
ChartMill assigns a technical rating of 0 / 10 to ALVO.
Can you provide the trend direction for ALVOTECH SA?
The current trend direction for ALVOTECH SA (ALVO) is Bearish.
Can you provide the RSI signal for ALVOTECH SA?
ALVOTECH SA (ALVO) has an RSI value of 32.1382. This indicates that the stock is currently neutral.
What is the buy/sell signal for ALVOTECH SA (ALVO) stock?
The buy/sell signal for ALVOTECH SA (ALVO) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for ALVOTECH SA (ALVO) stock?
ALVOTECH SA (ALVO) has a resistance level at 5.72. Check the full technical report for our detailed analysis of ALVO support and resistance levels.