ALEXANDER'S INC (ALX) Stock Technical Analysis
NYSE:ALX - New York Stock Exchange, Inc. - US0147521092 - REIT - Currency: USD
Overall ALX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALX is only an average performer.
ALX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 231.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 225.41, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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4 important support areas can be observed.
- A support zone ranging from 224.82 to 225.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @207.93 from a trend line in the weekly time frame.
- A support zone ranging from 200.10 to 200.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @191.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 231.99 to 234.80. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ALX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALX is up. |
| ChartMill Relative Strength | 62.59 | NEUTRAL | ALX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ALX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.86 | NEUTRAL | The RSI value for ALX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests ALX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.09 | NEUTRAL | The Stochastics value for ALX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ALX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.78 | NEGATIVE | The low ADX value for ALX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 234.81 | 224.81 | 10.00 (4.26%) | 23.48% |
| An entry @234.81. This is a Buy Stop order right above the resistance zone. | An exit @224.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.00 points, which is 4.26%. | When investing 23.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+1.06 (+0.47%)