ALIGNMENT HEALTHCARE INC (ALHC) Stock Technical Analysis
NASDAQ:ALHC - Nasdaq - US01625V1044 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to ALHC. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that ALHC is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, ALHC also shows a nice and consistent pattern of rising prices.
ALHC is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 95% of 105 stocks in the same industry.
ALHC is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ALHC slightly outperforms the market at the moment.
ALHC has an average volume of 2944820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ALHC has a been trading in the 15.90 - 21.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ALHC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 17.51, a Stop Loss order could be placed below this zone.
More info and screens
9.90
17.70
5 important support areas can be observed.
- A support zone ranging from 17.50 to 17.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.75 to 15.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.49 from a trend line in the weekly time frame.
- Support @12.15 from a trend line in the daily time frame.
- Support @10.00 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.94
Mansfield5.38
10 Day High20.11
10 Day Low15.9
20 Day High21.06
20 Day Low15.9
52 Week High21.06
52 Week Low5.02
Performance
1 Week-3.95%
2 Weeks-11.43%
1 Month-3.36%
3 Month17.03%
6 Month58.7%
12 Month236.28%
2 Year178.54%
3 Year82.31%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.27
RSI(14)46.79
LBB17.08
UBB20.15
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 |
|---|---|---|---|
| 18.56 | 17.49 | 1.07 (5.79%) | 17.28% |
| An entry @18.56. This is a Buy Stop order right above the 10 day moving average. | An exit @17.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.07 points, which is 5.79%. | When investing 17.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ALHC. Please evaluate whether better entry and exit points can be found.
- 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.
17.52
-0.52 (-2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.88%
1 Week-3.95%
2 Weeks-11.43%
1 Month-3.36%
3 Month17.03%
6 Month58.7%
12 Month236.28%
2 Year178.54%
3 Year82.31%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.3
ATR(20)%6.86%
ATR Inc-42.41%
Range Today0.97
ADR(20)1.12
ADR(20)%6.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.94
Mansfield5.38
10 Day High20.11
10 Day Low15.9
20 Day High21.06
20 Day Low15.9
52 Week High21.06
52 Week Low5.02
CS1 End17.51
CR1 StartN/A
Volume & EV
DER(3)2.45%
DER(5)2.86%
Volume3.18M
Volume Incr-29.84%
Vol(5)2.46M
Vol(50)2.94M