ALVOTECH SA (ALVO) Stock Technical Analysis
NASDAQ:ALVO - Nasdaq - LU2458332611 - Common Stock - Currency: USD
Taking everything into account, ALVO scores 5 out of 10 in our technical rating. 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: 71% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ALVO is one of the better performing stocks in the Biotechnology industry, it outperforms 70% of 560 stocks in the same industry.
In the last month ALVO has a been trading in the 7.90 - 11.77 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ALVO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALVO is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALVO has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.98
13.16
When analyzing the support we can see 2 important areas.
- Support @9.77 from a horizontal line in the daily time frame.
- Support @8.06 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.45 to 11.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.43 from a trend line in the weekly time frame.
- A resistance zone ranging from 12.99 to 13.03. 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 | NEUTRAL | NEUTRAL | The long term trend for ALVO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALVO is up. |
| ChartMill Relative Strength | 29.26 | NEGATIVE | ALVO has a low relative strength, it was outperformed by 70.74% 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) | UP | MIXED | The current price of ALVO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.73 | NEUTRAL | The RSI value for ALVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ALVO has a positive trend. |
| Stochastics (14,3) | 82.57 | OVERBOUGHT | The high Stochastics value suggests ALVO may be overbought. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for ALVO suggests high volalility. |
| Average Directional Index/ADX (14) | 28.89 | 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)
11.44
+0.3 (+2.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.69%
1 Week15.09%
2 Weeks9.37%
1 Month44.08%
3 Month0.7%
6 Month-2.64%
12 Month-17.58%
2 Year35.71%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%5.25%
ATR Inc-23.12%
Range Today0.73
ADR(20)0.5
ADR(20)%4.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.26
Mansfield-0.51
10 Day High11.77
10 Day Low9.6
20 Day High11.77
20 Day Low7.9
52 Week High14.65
52 Week Low7.35
CS1 End9.77
CR1 Start11.45
Volume & EV
DER(3)-11.42%
DER(5)-5.34%
Volume392.70K
Volume Incr56.97%
Vol(5)358.12K
Vol(50)199.64K