ALZAMEND NEURO INC (ALZN) Technical Analysis
NASDAQ:ALZN • US02262M6057
Current stock price
ALZN Technical Rating and Analysis
Overall ALZN gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ALZN is a bad performer in the overall market: 98% of all stocks are doing better.
- ALZN is one of the lesser performing stocks in the Biotechnology industry. 87% of 517 stocks in the same industry do better.
- ALZN is currently making a new 52 week low. This is a very bad signal. 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 0.98 - 2.36 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ALZN Weekly and Daily overview Charts
ALZN 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.
More info and screens
ALZN Support and Resistance Analysis
0.99
When analyzing the resistance we notice 5 important areas.
- Resistance @1.59 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.76 to 1.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.96 from a trend line in the weekly time frame.
- Resistance @2.44 from a horizontal line in the daily time frame.
- Resistance @2.49 from a horizontal line in the daily time frame.
ALZN 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 | DOWN | NEGATIVE | The short term trend for ALZN is down. |
| ChartMill Relative Strength | 2.25 | NEGATIVE | ALZN has a low relative strength, it was outperformed by 97.75% 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) | 24.08 | OVERSOLD | The low RSI value suggests ALZN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ALZN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.39 | OVERSOLD | The low Stochastics value suggests ALZN may be oversold. |
| Average True Range in percent/ATR (20) | 19.02 | HIGH VOLATILITY | The high ATR as a percentage value for ALZN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.56 | NEUTRAL | The ADX value for ALZN suggests a possible start of a new trend. |
ALZN Chart- and CandleStick Pattern Analysis
ALZN Technicals: Chart, Performance Metrics, Trend & Indicators
0.9999
-0.02 (-1.97%)
ALZAMEND NEURO INC / ALZN TA FAQ
What is the ChartMill technical rating of ALZAMEND NEURO INC (ALZN) stock?
ChartMill assigns a technical rating of 0 / 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 ALZN stock?
ALZAMEND NEURO INC (ALZN) has an RSI value of 24.0773. This indicates that the stock is currently oversold.
What is the buy/sell signal for ALZN stock?
The buy/sell signal for ALZAMEND NEURO INC (ALZN) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for ALZAMEND NEURO INC (ALZN) stock?
ALZAMEND NEURO INC (ALZN) has a resistance level at 1.59. Check the full technical report for our detailed analysis of ALZN support and resistance levels.