ALVOTECH SA (ALVO) Stock Technical Analysis
NASDAQ:ALVO - Nasdaq - LU2458332611 - Common Stock - Currency: USD
Taking everything into account, ALVO scores 3 out of 10 in our technical rating. In the past year, ALVO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
In the last month ALVO has a been trading in the 8.33 - 9.62 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When compared to the yearly performance of all other stocks, ALVO outperforms 42% of them, which is more or less in line with the market.
ALVO is an average performer in the Biotechnology industry, it outperforms 64% of 556 stocks in the same industry.
ALVO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALVO is lagging 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.
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
8.32
12.11
When analyzing the support we notice one important area.
- A support zone ranging from 8.40 to 8.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 9.62 to 9.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.56 to 10.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.37 from a horizontal line in the daily time frame.
- Resistance @11.66 from a horizontal line in the daily time frame.
- Resistance @11.99 from a trend line in the weekly 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 ALVO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALVO is up. |
| ChartMill Relative Strength | 42.02 | NEUTRAL | ALVO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALVO is above the rising 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) | 59.59 | NEUTRAL | The RSI value for ALVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ALVO has a positive trend. |
| Stochastics (14,3) | 92.57 | OVERBOUGHT | The high Stochastics value suggests ALVO may be overbought. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for ALVO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.83 | NEUTRAL | The ADX value for ALVO suggests a possible start of a new 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)
9.61
+0.45 (+4.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.91%
1 Week11.36%
2 Weeks12.79%
1 Month2.02%
3 Month21.03%
6 Month-26.02%
12 Month-17.08%
2 Year-1.94%
3 Year20.88%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%3.52%
ATR Inc-13.92%
Range Today0.42
ADR(20)0.33
ADR(20)%3.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.02
Mansfield-2.15
10 Day High9.62
10 Day Low8.33
20 Day High9.62
20 Day Low8.33
52 Week High13.7
52 Week Low7.35
CS1 End8.51
CR1 Start9.62
Volume & EV
DER(3)4.02%
DER(5)0.89%
Volume293.00K
Volume Incr-16.79%
Vol(5)257.92K
Vol(50)258.40K