ALZAMEND NEURO INC (ALZN) Stock Technical Analysis
NASDAQ:ALZN - Nasdaq - US02262M5067 - Common Stock - Currency: USD
Overall ALZN gets a technical rating of 0 out of 10. ALZN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
100% of all other stocks performed better in the past year than ALZN.
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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
ALZN has an average volume of 2064930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ALZN has a been trading in the 2.75 - 3.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALZN has a poor technical rating and the quality of the setup is also not perfect 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
2.84
6.14
When analyzing the support we notice one important area.
- A support zone ranging from 2.87 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.28 to 4.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.08 from a trend 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 | DOWN | NEGATIVE | The short term trend for ALZN is down. |
| ChartMill Relative Strength | 0.82 | NEGATIVE | ALZN has a low relative strength, it was outperformed by 99.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALZN is above 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) | 47.56 | NEUTRAL | The RSI value for ALZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ALZN has a positive trend. |
| Stochastics (14,3) | 81.35 | OVERBOUGHT | The high Stochastics value suggests ALZN may be overbought. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for ALZN suggests high volalility. |
| Average Directional Index/ADX (14) | 9.3 | NEGATIVE | The low ADX value for ALZN suggests a weak or negative 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)
3.2
+0.15 (+4.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.92%
1 Week8.84%
2 Weeks9.59%
1 Month-4.19%
3 Month-53.66%
6 Month-68.53%
12 Month-91.38%
2 Year-99.48%
3 Year-99.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%5.84%
ATR Inc70.91%
Range Today0.4
ADR(20)0.19
ADR(20)%5.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.82
Mansfield-7.49
10 Day High3.35
10 Day Low2.81
20 Day High3.43
20 Day Low2.75
52 Week High135.54
52 Week Low2.75
CS1 End2.9
CR1 Start4.28
Volume & EV
DER(3)5.35%
DER(5)0.33%
Volume479.30K
Volume Incr-52.28%
Vol(5)208.34K
Vol(50)2.06M