ALXO Technical Analysis - ALX ONCOLOGY HOLDINGS INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to ALXO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALXO is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

ALXO is part of the Biotechnology industry. There are 536 other stocks in this industry. ALXO outperforms 95% of them.

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.

ALXO has an average volume of 1088200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that ALXO is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

In the last month ALXO has a been trading in the 1.03 - 2.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALX ONCOLOGY HOLDINGS INC / ALXO Weekly stock chart

ALX ONCOLOGY HOLDINGS INC / ALXO Daily stock chart

Setup Rating and Analysis

Although ALXO has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.03

1.72

2 important support areas can be observed.

A support zone ranging from 1.63 to 1.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.04 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for ALXO is up.
ChartMill Relative Strength	97.14	POSITIVE	ALXO has a high relative strength, it outperformed 97.14% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ALXO is above 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)	DOWN	MIXED	The current price of ALXO is above a declining SMA(200).
Relative Strength Index/RSI (14)	53.38	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)	40.28	NEUTRAL	The Stochastics value for ALXO is a neutral value.
Average True Range in percent/ATR (20)	12.32	HIGH VOLATILITY	The high ATR as a percentage value for ALXO suggests high volalility.
Average Directional Index/ADX (14)	43.36	POSITIVE	The high ADX value value for ALXO suggests a strong trend.