Overall ALVO gets a technical rating of 1 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 91% of all other stocks performed better in the past year than ALVO.
- ALVO is one of the lesser performing stocks in the Biotechnology industry. 70% of 525 stocks in the same industry do better.
- ALVO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ALVO has a been trading in the 4.61 - 5.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ALVO does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
4.52
We found 1 important support area.
- A support zone ranging from 4.57 to 4.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @5.12 from a trend line in the daily time frame.
- A resistance zone ranging from 5.36 to 5.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.54 from a trend line in the weekly time frame.
- Resistance @7.70 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 | 9.58 | NEGATIVE | ALVO has a low relative strength, it was outperformed by 90.42% 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) | DOWN | MIXED | The current price of ALVO is above 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) | 49.1 | NEUTRAL | The RSI value for ALVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ALVO has a negative trend. |
| Stochastics (14,3) | 38.15 | NEUTRAL | The Stochastics value for ALVO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ALVO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.71 | NEGATIVE | The low ADX value for ALVO suggests a weak or negative trend. |
5.12
+0.13 (+2.61%)
ALVOTECH SA / ALVO FAQ
What is the ChartMill technical rating of ALVOTECH SA (ALVO) stock?
ChartMill assigns a technical rating of 1 / 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 49.0963. This indicates that the stock is currently neutral.
What is the MACD signal for ALVO stock?
The MACD indicator for ALVOTECH SA (ALVO) has a value of -0.00151046, 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.