ALVOTECH SA (ALVO) Technical Analysis
NASDAQ:ALVO • LU2458332611
Current stock price
3.47 USD
-0.07 (-1.98%)
At close:
3.47 USD
0 (0%)
After Hours:
ALVO Technical Rating and Analysis
Overall ALVO gets a technical rating of 0 out of 10. ALVO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ALVO is a bad performer in the overall market: 96% of all stocks are doing better.
- ALVO is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 83% are performing better than ALVO.
- ALVO is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so ALVO is lagging the market.
- In the last month ALVO has a been trading in the 3.45 - 4.80 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.
ALVO Weekly and Daily overview Charts
ALVO Setup Rating and Analysis
The technical rating of ALVO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ALVO Support and Resistance Analysis
3.44
6.33
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.03 to 4.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.11 from a trend line in the daily time frame.
- Resistance @5.86 from a trend line in the weekly time frame.
- Resistance @6.27 from a trend line in the daily time frame.
ALVO Technical Indicator Signal Analysis
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 | 4.71 | NEGATIVE | ALVO has a low relative strength, it was outperformed by 95.29% 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) | 26.1 | OVERSOLD | The low RSI value suggests ALVO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ALVO has a negative trend. |
| Stochastics (14,3) | 5.76 | OVERSOLD | The low Stochastics value suggests ALVO may be oversold. |
| Average True Range in percent/ATR (20) | 6.99 | HIGH VOLATILITY | The high ATR as a percentage value for ALVO suggests high volalility. |
| Average Directional Index/ADX (14) | 42.16 | POSITIVE | The high ADX value value for ALVO suggests a strong trend. |
ALVO Chart- and CandleStick Pattern Analysis
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)
ALVO Technicals: Chart, Performance Metrics, Trend & Indicators
3.47
-0.07 (-1.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.98%
1 Week-13.47%
2 Weeks-13.03%
1 Month-26.33%
3 Month-37.7%
6 Month-56.79%
12 Month-69.29%
2 Year-71.6%
3 Year-73.1%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%6.99%
ATR Inc-5.97%
Range Today0.18
ADR(20)0.23
ADR(20)%6.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.71
3 months CRS8.07
6 months CRS6.73
Mansfield-5.63
10 Day High4.17
10 Day Low3.45
20 Day High4.8
20 Day Low3.45
52 Week High11.85
52 Week Low3.45
CS1 EndN/A
CR1 Start4.03
Volume & EV
DER(3)-7.27%
DER(5)-7.88%
Volume550.20K
Volume Incr-4.08%
Vol(5)625.52K
Vol(50)503.45K
ALVOTECH SA / ALVO TA FAQ
What is the ChartMill technical rating of ALVOTECH SA (ALVO) stock?
ChartMill assigns a technical rating of 0 / 10 to ALVO.
What is the current trend direction of ALVOTECH SA (ALVO) stock?
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 26.0984. This indicates that the stock is currently oversold.
What is the MACD signal for ALVO stock?
The MACD indicator for ALVOTECH SA (ALVO) has a value of -0.0302753, indicating a bearish trend.
Can you provide the buy/sell signal for ALVOTECH SA?
The buy/sell signal for ALVOTECH SA (ALVO) is sell as both the short term and long term trends are negative.