ALKAMI TECHNOLOGY INC (ALKT) Stock Technical Analysis
NASDAQ:ALKT - Nasdaq - US01644J1088 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ALKT. ALKT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
62% of all other stocks performed better in the past year than ALKT.
ALKT is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month ALKT has a been trading in the 21.70 - 27.00 range, which is quite wide. It is currently trading near the high of this range.
ALKT has an average volume of 1492050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
ALKT is an average performer in the Software industry, it outperforms 59% of 285 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALKT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.23, a Stop Loss order could be placed below this zone.
More info and screens
22.88
27.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.73 to 25.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.49 to 24.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.88 to 26.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.28
Mansfield-1.31
10 Day High26.97
10 Day Low23.39
20 Day High27
20 Day Low21.7
52 Week High42.29
52 Week Low21.7
Performance
1 Week8.57%
2 Weeks10.76%
1 Month0%
3 Month-23.64%
6 Month-29.77%
12 Month9.58%
2 Year124.1%
3 Year105.12%
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)0.44
RSI(14)56.4
LBB22.42
UBB27.14
26.87
+0.34 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.28%
1 Week8.57%
2 Weeks10.76%
1 Month0%
3 Month-23.64%
6 Month-29.77%
12 Month9.58%
2 Year124.1%
3 Year105.12%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%5.34%
ATR Inc-50.55%
Range Today0.79
ADR(20)1.28
ADR(20)%4.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.28
Mansfield-1.31
10 Day High26.97
10 Day Low23.39
20 Day High27
20 Day Low21.7
52 Week High42.29
52 Week Low21.7
CS1 End25.23
CR1 Start26.88
Volume & EV
DER(3)1.67%
DER(5)1.89%
Volume702.40K
Volume Incr-45.63%
Vol(5)840.58K
Vol(50)1.49M