ALTO NEUROSCIENCE INC (ANRO) Stock Technical Analysis
NYSE:ANRO - New York Stock Exchange, Inc. - US02157Q1094 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ANRO. Recently some decent action could be observed, but in the medium term time frame this is still negative. ANRO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ANRO is a bad performer in the overall market: 95% of all stocks are doing better.
ANRO is one of the lesser performing stocks in the Pharmaceuticals industry. 76% of 193 stocks in the same industry do better.
ANRO 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 ANRO has a been trading in the 2.15 - 2.74 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ANRO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
2.15
2.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.40 to 2.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.24 to 2.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.17 to 2.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.61 from a horizontal line in the weekly time frame.
- Resistance @2.69 from a horizontal line in the daily time frame.
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 ANRO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ANRO is up. |
| ChartMill Relative Strength | 5.29 | NEGATIVE | ANRO has a low relative strength, it was outperformed by 94.71% 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) | DOWN | NEGATIVE | The current price of ANRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.82 | NEUTRAL | The RSI value for ANRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ANRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.9 | NEUTRAL | The Stochastics value for ANRO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.14 | HIGH VOLATILITY | The high ATR as a percentage value for ANRO suggests high volalility. |
| Average Directional Index/ADX (14) | 15.63 | NEGATIVE | The low ADX value for ANRO 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)
2.57
-0.11 (-4.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-4.1%
1 Week2.8%
2 Weeks16.82%
1 Month6.64%
3 Month13.72%
6 Month-44.61%
12 Month-82.86%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%7.14%
ATR Inc-4.07%
Range Today0.21
ADR(20)0.18
ADR(20)%7.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.29
Mansfield-5.67
10 Day High2.74
10 Day Low2.2
20 Day High2.74
20 Day Low2.15
52 Week High15.65
52 Week Low1.6
CS1 End2.41
CR1 Start2.61
Volume & EV
DER(3)-5.77%
DER(5)-2.49%
Volume93.40K
Volume Incr-73.11%
Vol(5)103.30K
Vol(50)281.07K