We assign a technical rating of 1 out of 10 to ALVO. 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.
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. We notice that large players showed an interest for ALVO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.96
We found 1 important support area.
- A support zone ranging from 5.01 to 5.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 7 important areas.
- Resistance @5.58 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 5.71 to 5.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.22 from a trend line in the weekly time frame.
- Resistance @7.57 from a trend line in the daily time frame.
- Resistance @7.90 from a trend line in the weekly time frame.
- Resistance @8.37 from a horizontal line in the daily time frame.
- Resistance @9.00 from a horizontal line in the daily 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 | 6.56 | NEGATIVE | ALVO has a low relative strength, it was outperformed by 93.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALVO is below 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) | 46.62 | NEUTRAL | The RSI value for ALVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ALVO has a positive trend. |
| Stochastics (14,3) | 32.2 | NEUTRAL | The Stochastics value for ALVO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for ALVO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.02 | POSITIVE | The high ADX value value for ALVO suggests a strong trend. |
5.13
+0.08 (+1.58%)
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 46.6165. 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 0.0486692, 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.