ALLOGENE THERAPEUTICS INC (ALLO) Stock Technical Analysis
NASDAQ:ALLO - Nasdaq - US0197701065 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ALLO. ALLO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ALLO is a bad performer in the overall market: 86% of all stocks are doing better.
ALLO 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.
ALLO has an average volume of 5995770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALLO is an average performer in the Biotechnology industry, it outperforms 52% of 568 stocks in the same industry.
In the last month ALLO has a been trading in the 1.23 - 1.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ALLO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
1.35
3.03
When analyzing the support we notice one important area.
- Support @1.36 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @1.62 from a horizontal line in the daily time frame.
- Resistance @1.77 from a trend line in the weekly time frame.
- Resistance @2.58 from a trend line in the daily time frame.
- Resistance @2.82 from a trend line in the daily time frame.
- Resistance @3.00 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.4
Mansfield-3.1
10 Day High1.75
10 Day Low1.33
20 Day High1.75
20 Day Low1.23
52 Week High3.78
52 Week Low1.23
Performance
1 Week6.9%
2 Weeks13.14%
1 Month-0.64%
3 Month-20.1%
6 Month-36.48%
12 Month-46.37%
2 Year-71.45%
3 Year-81.44%
5 Year-94.64%
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)0.04
RSI(14)49.83
LBB1.31
UBB1.62
1.55
-0.02 (-1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.27%
1 Week6.9%
2 Weeks13.14%
1 Month-0.64%
3 Month-20.1%
6 Month-36.48%
12 Month-46.37%
2 Year-71.45%
3 Year-81.44%
5 Year-94.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%8.92%
ATR Inc-46%
Range Today0.07
ADR(20)0.13
ADR(20)%8.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.4
Mansfield-3.1
10 Day High1.75
10 Day Low1.33
20 Day High1.75
20 Day Low1.23
52 Week High3.78
52 Week Low1.23
CS1 End1.36
CR1 Start1.62
Volume & EV
DER(3)-0.63%
DER(5)-1.45%
Volume1.09M
Volume Incr-40.46%
Vol(5)1.87M
Vol(50)6.00M