We assign a technical rating of 9 out of 10 to ALGT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALGT is showing a nice and steady performance.
Although ALGT has an excellent technical rating, it does not present a decent entry opportunity 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
52.87
When analyzing the support we can see 5 important areas.
- A support zone ranging from 69.10 to 69.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.76 from a trend line in the daily time frame.
- Support @62.23 from a trend line in the daily time frame.
- Support @59.26 from a horizontal line in the daily time frame.
- Support @53.40 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 87.77 to 87.77. 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 ALGT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALGT is up. |
| ChartMill Relative Strength | 86.06 | POSITIVE | ALGT has a high relative strength, it outperformed 86.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.43 | OVERBOUGHT | The high RSI value suggests ALGT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.92 | POSITIVE | The MACD value suggests ALGT has a positive trend. |
| Stochastics (14,3) | 83.28 | OVERBOUGHT | The high Stochastics value suggests ALGT may be overbought. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGT suggests some volalility. |
| Average Directional Index/ADX (14) | 34.28 | POSITIVE | The high ADX value value for ALGT suggests a strong trend. |
87.76
+1.9 (+2.21%)
ALLEGIANT TRAVEL CO / ALGT FAQ
Can you provide the ChartMill technical rating for ALLEGIANT TRAVEL CO?
ChartMill assigns a technical rating of 9 / 10 to ALGT.
What is the current trend direction of ALLEGIANT TRAVEL CO (ALGT) stock?
The current trend direction for ALLEGIANT TRAVEL CO (ALGT) is Bullish.
What is the RSI signal for ALGT stock?
ALLEGIANT TRAVEL CO (ALGT) has an RSI value of 75.4343. This indicates that the stock is currently overbought.
What is the short term momentum for ALGT stock?
The short term momentum for ALLEGIANT TRAVEL CO (ALGT) is positive.
What is the buy/sell signal for ALLEGIANT TRAVEL CO (ALGT) stock?
The buy/sell signal for ALLEGIANT TRAVEL CO (ALGT) is buy as both the short term and long term trends are positive.