ALVOTECH SA (ALVO) Stock Technical Analysis
USA - NASDAQ:ALVO - LU2458332611 - Common Stock
8.59 USD
-0.13 (-1.49%)
8.62 USD
+0.03 (+0.35%)
We assign a technical rating of 3 out of 10 to ALVO. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALVO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ALVO is a bad performer in the overall market: 90% of all stocks are doing better.
ALVO is one of the lesser performing stocks in the Biotechnology industry. 70% of 534 stocks in the same industry do better.
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.
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.
In the last month ALVO has a been trading in the 7.97 - 9.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. There is very little resistance above the current price. There is a support zone below the current price at 8.54, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALVO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.73
11.48
2 important support areas can be observed.
- A support zone ranging from 8.31 to 8.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.81 to 8.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @8.73 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.90 to 9.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 9.24 to 9.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.28 to 11.37. 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 | UP | POSITIVE | The short term trend for ALVO is up. |
| ChartMill Relative Strength | 10.77 | NEGATIVE | ALVO has a low relative strength, it was outperformed by 89.23% off all stocks 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) | UP | POSITIVE | The current price of ALVO is above the rising 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) | 53.34 | NEUTRAL | The RSI value for ALVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ALVO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for ALVO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ALVO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.96 | NEGATIVE | The low ADX value for ALVO 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)
8.59
-0.13 (-1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.49%
1 Week7.78%
2 Weeks0.12%
1 Month7.24%
3 Month-10.61%
6 Month8.19%
12 Month-34.33%
2 Year-3.37%
3 Year38.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.46%
ATR Inc-26.96%
Range Today0.17
ADR(20)0.34
ADR(20)%3.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.77
Mansfield-2.53
10 Day High9.05
10 Day Low7.97
20 Day High9.25
20 Day Low7.97
52 Week High13.7
52 Week Low7.35
CS1 End8.54
CR1 Start8.73
Volume & EV
DER(3)1.47%
DER(5)3.15%
Volume245.60K
Volume Incr3.52%
Vol(5)402.38K
Vol(50)415.92K