ALZAMEND NEURO INC (ALZN) Stock Technical Analysis
USA - NASDAQ:ALZN - US02262M6057 - Common Stock
2.61 USD
+0.16 (+6.32%)
2.64 USD
+0.03 (+1.15%)
We assign a technical rating of 2 out of 10 to ALZN. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
93% of all other stocks performed better in the past year than ALZN.
ALZN is part of the Biotechnology industry. There are 534 other stocks in this industry, of which 76% are performing better than ALZN.
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.
In the last month ALZN has a been trading in the 2.13 - 2.67 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, ALZN does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for ALZN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.18
2.65
We found 3 important support areas.
- A support zone ranging from 2.39 to 2.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.32 from a horizontal line in the daily time frame.
- A support zone ranging from 2.20 to 2.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.62 to 2.62. 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 | NEUTRAL | NEUTRAL | The short term trend for ALZN is neutral. |
| ChartMill Relative Strength | 7.14 | NEGATIVE | ALZN has a low relative strength, it was outperformed by 92.86% 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) | UP | POSITIVE | The current price of ALZN is above the rising 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) | 59.98 | NEUTRAL | The RSI value for ALZN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ALZN has a positive trend. |
| Stochastics (14,3) | 72.86 | NEUTRAL | The Stochastics value for ALZN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for ALZN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.86 | 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)
2.61
+0.16 (+6.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.32%
1 Week12.02%
2 Weeks10.59%
1 Month5.67%
3 Month18.64%
6 Month-56.72%
12 Month-82.37%
2 Year-98.34%
3 Year-99.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%6.65%
ATR Inc57.14%
Range Today0.31
ADR(20)0.17
ADR(20)%6.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.14
3 months CRS82.24
6 months CRS2.84
Mansfield-6.31
10 Day High2.67
10 Day Low2.18
20 Day High2.67
20 Day Low2.13
52 Week High15.21
52 Week Low2.06
CS1 End2.4
CR1 Start2.62
Volume & EV
DER(3)9.05%
DER(5)6.69%
Volume549.80K
Volume Incr61.66%
Vol(5)212.04K
Vol(50)127.84K
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.
What is the current trend direction of ALZAMEND NEURO INC (ALZN) stock?
The current trend direction for ALZAMEND NEURO INC (ALZN) is Bearish.
Can you provide the RSI signal for ALZAMEND NEURO INC?
ALZAMEND NEURO INC (ALZN) has an RSI value of 59.9784. This indicates that the stock is currently neutral.
What is the short term momentum for ALZN stock?
The short term momentum for ALZAMEND NEURO INC (ALZN) is neutral.