ALX ONCOLOGY HOLDINGS INC (ALXO) Stock Technical Analysis
NASDAQ:ALXO • US00166B1052
Taking everything into account, ALXO scores 7 out of 10 in our technical rating. In the last year, ALXO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- ALXO is one of the better performing stocks in the Biotechnology industry, it outperforms 84% of 520 stocks in the same industry.
- ALXO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALXO is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that ALXO is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month ALXO has a been trading in the 1.63 - 2.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALXO 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. There is very little resistance above the current price.
More info and screens
1.04
When analyzing the support we can see 3 important areas.
- Support @1.27 from a trend line in the daily time frame.
- Support @1.11 from a trend line in the daily time frame.
- Support @1.05 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 | UP | POSITIVE | The long term trend for ALXO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALXO is neutral. |
| ChartMill Relative Strength | 94.65 | POSITIVE | ALXO has a high relative strength, it outperformed 94.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALXO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALXO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALXO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.74 | NEUTRAL | The RSI value for ALXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ALXO has a negative trend. |
| Stochastics (14,3) | 46.2 | NEUTRAL | The Stochastics value for ALXO is a neutral value. |
| Average True Range in percent/ATR (20) | 14.22 | HIGH VOLATILITY | The high ATR as a percentage value for ALXO suggests high volalility. |
| Average Directional Index/ADX (14) | 44.61 | POSITIVE | The high ADX value value for ALXO suggests a strong 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 |
|---|---|---|---|
| 2.37 | 2.00 | 0.37 (15.61%) | 6.41% |
| An entry @2.37. This is a Buy Stop order right above the 10 day moving average. | An exit @2.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.37 points, which is 15.61%. | For a 1.00% total portfolio risk, you can invest 6.41% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALXO. Please evaluate whether better entry and exit points can be found.
- 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.
2.11
-0.24 (-10.21%)
ALX ONCOLOGY HOLDINGS INC / ALXO FAQ
What is the technical rating for ALXO stock?
ChartMill assigns a technical rating of 7 / 10 to ALXO.
What is the trend direction for ALXO stock?
The current trend direction for ALX ONCOLOGY HOLDINGS INC (ALXO) is Bullish.
What is the RSI signal for ALX ONCOLOGY HOLDINGS INC (ALXO) stock?
ALX ONCOLOGY HOLDINGS INC (ALXO) has an RSI value of 50.7389. This indicates that the stock is currently neutral.
What is the MACD signal for ALXO stock?
The MACD indicator for ALX ONCOLOGY HOLDINGS INC (ALXO) has a value of -0.0394131, indicating a bearish trend.
What are the support and resistance levels for ALX ONCOLOGY HOLDINGS INC (ALXO) stock?
ALX ONCOLOGY HOLDINGS INC (ALXO) has a support level at 1.27. Check the full technical report for our detailed analysis of ALXO support and resistance levels.