ALZN Technical Analysis - ALZAMEND NEURO INC

Technical Rating and Analysis

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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

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 part of the Biotechnology industry. There are 536 other stocks in this industry, of which 87% 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 2.29 - 2.64 range, which is quite wide. It is currently trading near the lows of this range.

Volume is considerably higher 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

ALZAMEND NEURO INC / ALZN Weekly stock chart

ALZAMEND NEURO INC / ALZN Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.24

2.66

When analyzing the resistance we notice 3 important areas.

Resistance @2.35 from a trend line in the daily time frame.
A resistance zone ranging from 2.51 to 2.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.63 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	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	1.9	NEGATIVE	ALZN has a low relative strength, it was outperformed by 98.1% 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)	42.99	NEUTRAL	The RSI value for ALZN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests ALZN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	46.19	NEUTRAL	The Stochastics value for ALZN is a neutral value.
Average True Range in percent/ATR (20)	5.64	HIGH VOLATILITY	The high ATR as a percentage value for ALZN suggests high volalility.
Average Directional Index/ADX (14)	15.93	NEGATIVE	The low ADX value for ALZN suggests a weak or negative trend.