5.26 USD
+0.09 (+1.74%)
5.29 USD
+0.03 (+0.57%)
We assign a technical rating of 1 out of 10 to ALVO. ALVO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, ALVO is a bad performer in the overall market: 95% of all stocks are doing better.
- ALVO is part of the Biotechnology industry. There are 525 other stocks in this industry, of which 79% are performing better than ALVO.
- 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month ALVO has a been trading in the 4.40 - 5.35 range, which is quite wide. It is currently trading near the high of this range.
- 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 a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
4.52
9.09
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.
We can see 6 important resistance areas.
- Resistance @5.76 from a horizontal line in the daily time frame.
- Resistance @6.82 from a trend line in the weekly time frame.
- Resistance @7.17 from a trend line in the daily time frame.
- A resistance zone ranging from 7.90 to 7.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ALVO is neutral. |
| ChartMill Relative Strength | 5.56 | NEGATIVE | ALVO has a low relative strength, it was outperformed by 94.44% 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) | 55.75 | NEUTRAL | The RSI value for ALVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ALVO has a positive trend. |
| Stochastics (14,3) | 87.59 | OVERBOUGHT | The high Stochastics value suggests ALVO may be overbought. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for ALVO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.02 | NEUTRAL | The ADX value for ALVO suggests a possible start of a new 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)
5.26
+0.09 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.74%
1 Week6.26%
2 Weeks11.21%
1 Month9.36%
3 Month-37.38%
6 Month-45.27%
12 Month-59.51%
2 Year-66.6%
3 Year-56.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%4.77%
ATR Inc-16.12%
Range Today0.2
ADR(20)0.24
ADR(20)%4.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.56
3 months CRS7.52
6 months CRS7.02
Mansfield-4.5
10 Day High5.3
10 Day Low4.61
20 Day High5.35
20 Day Low4.4
52 Week High13.08
52 Week Low4.32
CS1 End4.63
CR1 Start5.76
Volume & EV
DER(3)-9.06%
DER(5)-5.82%
Volume224.10K
Volume Incr-51.99%
Vol(5)238.86K
Vol(50)510.29K
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 55.7529. 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 0.0717374, indicating a bearish trend.