ALZAMEND NEURO INC (ALZN) Stock Technical Analysis
NASDAQ:ALZN - Nasdaq - US02262M5067 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to ALZN. ALZN'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ALZN is a bad performer in the overall market: 99% of all stocks are doing better.
ALZN is one of the lesser performing stocks in the Biotechnology industry. 88% of 560 stocks in the same industry do better.
ALZN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ALZN is lagging the market.
In the last month ALZN has a been trading in the 3.06 - 6.48 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
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
3.42
3.70
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.66 to 3.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for ALZN is down. |
| ChartMill Relative Strength | 1.22 | NEGATIVE | ALZN has a low relative strength, it was outperformed by 98.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALZN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALZN is below 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) | 29.51 | OVERSOLD | The low RSI value suggests ALZN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ALZN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.32 | OVERSOLD | The low Stochastics value suggests ALZN may be oversold. |
| Average True Range in percent/ATR (20) | 16.8 | HIGH VOLATILITY | The high ATR as a percentage value for ALZN suggests high volalility. |
| Average Directional Index/ADX (14) | 35.57 | POSITIVE | The high ADX value value for ALZN suggests a strong 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)
3.45
-0.2 (-5.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.48%
1 Week-4.17%
2 Weeks-33.01%
1 Month-42.09%
3 Month-53.25%
6 Month-70.51%
12 Month-93.5%
2 Year-99.65%
3 Year-99.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%16.8%
ATR Inc-58.79%
Range Today0.38
ADR(20)0.55
ADR(20)%16.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.22
Mansfield-7.94
10 Day High6.12
10 Day Low3.06
20 Day High6.48
20 Day Low3.06
52 Week High135.54
52 Week Low3.06
CS1 EndN/A
CR1 Start3.66
Volume & EV
DER(3)-6.18%
DER(5)-0.63%
Volume70.80K
Volume Incr-87.11%
Vol(5)61.64K
Vol(50)296.99K