ANL Technical Analysis - ADLAI NORTYE LTD-ADR

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to ANL. In the past year, ANL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, ANL is a bad performer in the overall market: 61% of all stocks are doing better.

ANL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: ANL has an average volume of 8652 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

ANL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

ANL is an average performer in the Biotechnology industry, it outperforms 55% of 538 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ADLAI NORTYE LTD-ADR / ANL Weekly stock chart

ADLAI NORTYE LTD-ADR / ANL Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, ANL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.76, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.39

1.83

We found 2 important support areas.

A support zone ranging from 1.74 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.40 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.77 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for ANL is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ANL is up.
ChartMill Relative Strength	39.46	NEUTRAL	ANL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ANL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ANL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ANL is below a declining SMA(200).
Relative Strength Index/RSI (14)	57.05	NEUTRAL	The RSI value for ANL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests ANL has a negative trend.
Stochastics (14,3)	46.46	NEUTRAL	The Stochastics value for ANL is a neutral value.
Average True Range in percent/ATR (20)	5.55	HIGH VOLATILITY	The high ATR as a percentage value for ANL suggests high volalility.
Average Directional Index/ADX (14)	19.36	NEGATIVE	The low ADX value for ANL suggests a weak or negative trend.