ALVOTECH SA (ALVO) Stock Technical Analysis
NASDAQ:ALVO - Nasdaq - LU2458332611 - Common Stock - Currency: USD
Taking everything into account, ALVO scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
83% of all other stocks performed better in the past year than ALVO.
ALVO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
ALVO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ALVO is an average performer in the Biotechnology industry, it outperforms 54% of 556 stocks in the same industry.
ALVO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
7.75
12.11
We found 2 important support areas.
- Support @8.47 from a trend line in the daily time frame.
- A support zone ranging from 7.83 to 7.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 9.38 to 9.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.61 to 10.63. 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 | DOWN | NEGATIVE | The short term trend for ALVO is down. |
| ChartMill Relative Strength | 17.92 | NEGATIVE | ALVO has a low relative strength, it was outperformed by 82.08% 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) | 42.5 | NEUTRAL | The RSI value for ALVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALVO has a positive trend. |
| Stochastics (14,3) | 34.02 | NEUTRAL | The Stochastics value for ALVO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for ALVO suggests some volalility. |
| Average Directional Index/ADX (14) | 26.48 | POSITIVE | The high ADX value value for ALVO 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)
8.68
+0.04 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.46%
1 Week3.21%
2 Weeks-1.48%
1 Month-4.93%
3 Month9.32%
6 Month-33.18%
12 Month-25.11%
2 Year-11.43%
3 Year9.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%3.76%
ATR Inc-19.78%
Range Today0.2
ADR(20)0.32
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.92
Mansfield-2.81
10 Day High9.13
10 Day Low8.33
20 Day High9.51
20 Day Low8.33
52 Week High13.7
52 Week Low7.35
CS1 End8.47
CR1 Start9.38
Volume & EV
DER(3)-5.83%
DER(5)-4.09%
Volume174.37K
Volume Incr26.51%
Vol(5)333.16K
Vol(50)267.10K