Taking everything into account, ALZN scores 2 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. ALZN was also a bad performer in the overall market in the last year.
The technical rating of ALZN is bad and it also does not present a 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
2.31
3 important resistance areas can be observed.
- Resistance @2.40 from a horizontal line in the daily time frame.
- Resistance @2.54 from a horizontal line in the weekly time frame.
- Resistance @2.62 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 ALZN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALZN is up. |
| ChartMill Relative Strength | 8.09 | NEGATIVE | ALZN has a low relative strength, it was outperformed by 91.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALZN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ALZN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALZN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.18 | NEUTRAL | The RSI value for ALZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ALZN has a positive trend. |
| Stochastics (14,3) | 95.32 | OVERBOUGHT | The high Stochastics value suggests ALZN may be overbought. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for ALZN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.08 | NEGATIVE | The low ADX value for ALZN suggests a weak or negative trend. |
2.33
-0.06 (-2.51%)
ALZAMEND NEURO INC / ALZN FAQ
What is the ChartMill technical rating of ALZAMEND NEURO INC (ALZN) stock?
ChartMill assigns a technical rating of 2 / 10 to ALZN.
Can you provide the trend direction for ALZAMEND NEURO INC?
The current trend direction for ALZAMEND NEURO INC (ALZN) is Bearish.
What is the RSI signal for ALZAMEND NEURO INC (ALZN) stock?
ALZAMEND NEURO INC (ALZN) has an RSI value of 60.177. This indicates that the stock is currently neutral.
What is the MACD signal for ALZAMEND NEURO INC (ALZN) stock?
The MACD indicator for ALZAMEND NEURO INC (ALZN) has a value of 0.0503296, indicating a bearish trend.
What is the support and resistance level for ALZN stock?
ALZAMEND NEURO INC (ALZN) has a resistance level at 2.4. Check the full technical report for our detailed analysis of ALZN support and resistance levels.