ALTO NEUROSCIENCE INC (ANRO) Technical Analysis
NYSE:ANRO • US02157Q1094
Taking everything into account, ANRO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ANRO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ANRO did better than 99% of all other stocks.
- ANRO is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 97% of 193 stocks in the same industry.
- ANRO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ANRO has a been trading in the 14.80 - 22.00 range, which is quite wide. It is currently trading near the high of this range.
ANRO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
14.99
When analyzing the support we can see 3 important areas.
- Support @17.19 from a trend line in the weekly time frame.
- Support @16.43 from a trend line in the daily time frame.
- Support @15.14 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.98 to 22.00. 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 | UP | POSITIVE | The long term trend for ANRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ANRO is up. |
| ChartMill Relative Strength | 99.52 | POSITIVE | ANRO has a high relative strength, it outperformed 99.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ANRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ANRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ANRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.84 | NEUTRAL | The RSI value for ANRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests ANRO has a positive trend. |
| Stochastics (14,3) | 88.48 | OVERBOUGHT | The high Stochastics value suggests ANRO may be overbought. |
| Average True Range in percent/ATR (20) | 7.55 | HIGH VOLATILITY | The high ATR as a percentage value for ANRO suggests high volalility. |
| Average Directional Index/ADX (14) | 25.63 | POSITIVE | The high ADX value value for ANRO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.01 | 17.99 | 4.02 (18.26%) | 5.48% |
| An entry @22.01. This is a Buy Stop order right above the 10 day high. | An exit @17.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.02 points, which is 18.26%. | When investing 5.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ANRO Technicals: Chart, Performance Metrics, Trend & Indicators
20.88
-1.11 (-5.05%)
ALTO NEUROSCIENCE INC / ANRO FAQ
What is the ChartMill technical rating of ALTO NEUROSCIENCE INC (ANRO) stock?
ChartMill assigns a technical rating of 10 / 10 to ANRO.
What is the current trend direction of ALTO NEUROSCIENCE INC (ANRO) stock?
The current trend direction for ALTO NEUROSCIENCE INC (ANRO) is Bullish.
What is the RSI signal for ALTO NEUROSCIENCE INC (ANRO) stock?
ALTO NEUROSCIENCE INC (ANRO) has an RSI value of 65.8413. This indicates that the stock is currently neutral.
What is the MACD signal for ANRO stock?
The MACD indicator for ALTO NEUROSCIENCE INC (ANRO) has a value of 0.261371, indicating a bearish trend.
Can you provide the buy/sell signal for ALTO NEUROSCIENCE INC?
The buy/sell signal for ALTO NEUROSCIENCE INC (ANRO) is buy as both the short term and long term trends are positive.