The chart of ALSN displays a robust uptrend over the past year, with year-to-date gains exceeding 37% and one-year returns around 47%. Price has surged from the 52-week low of 76.01 to challenge the high of 137.62. Over the last quarter, the stock has maintained bullish momentum, forming a megaphone up structure where price trends along the lower trendline, suggesting potential for further extension if support holds. Short-term pullbacks have been shallow, with recent action rebounding sharply from 129.10 to 134.35 in late April, underscoring resilient buyer interest.
ALSN trades above most moving averages, confirming the uptrend. The 5-day MA hovers around 131.91-132.59, 20-day at 128.94-131.86, 50-day at 122.19-133.30, 100-day at 114.25-131.05, and 200-day at 100.09-125.09. Shorter-term MAs show sell signals as price dips slightly below MA5 (132.45 simple) and MA10 (133.41), while longer-term MAs like MA100 and MA200 indicate buy, with price significantly higher. This alignment supports bullish bias, though near-term consolidation is evident as price tests these levels.
Momentum for ALSN is neutral to cautious. The RSI(14) at 48.55 suggests neither overbought nor oversold conditions, following earlier readings near 72 indicating temporary overbought status. MACD(12,26) at -0.05 with a sell signal points to fading short-term momentum, while Stochastic %K (14-day) around 57.64 remains elevated, hinting at sustained upside potential but risk of pullback. ADX(14) at 31.94 confirms a strong trend direction.
Traders are eyeing pivot points with S1 at 131.64, pivot at 132.12, and R1 at 132.73, framing near-term trading ranges. Broader support aligns with accumulated volume near 126.94 and the 50-day MA zone around 122-133. Resistance looms at R2 133.22, R3 133.83, and the 52-week high of 137.62. Price action has respected these zones, with recent highs testing upper pivots amid the megaphone pattern.
Volume for ALSN averaged 869,338 shares daily, but recent sessions like April 30 saw 677,070, below average, accompanying the rebound without significant spikes. Elevated historic volatility around 28-33% reflects active swings, consistent with the uptrend's momentum but no unusual activity signaling squeezes or liquidations.
Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast market data, including technical indicators, price patterns, and historical trends for stocks like ALSN. These signals identify potential buy or sell opportunities by recognizing recurring chart formations, momentum shifts, and trend continuations that human analysts might overlook. Traders rely on them to pinpoint entry/exit points, validate breakouts, and enhance decision-making in volatile conditions. Updated daily, the AI incorporates real-time data for precise, pattern-based insights. Explore these signals to complement your technical strategy.
In the near term, ALSN traders will monitor support at 131.64 and the 50-day MA for continuation of the uptrend, alongside resistance at 132.73-133.83 and the 137.62 high. A hold above pivots could target upper megaphone levels, while breakdowns below S1 might test deeper supports near 126-130. Watch RSI for divergence, MACD crossovers, and volume surges to gauge momentum shifts in this strong uptrend structure.
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A.I.dvisor indicates that over the last year, ALSN has been loosely correlated with ATMU. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if ALSN jumps, then ATMU could also see price increases.
| Ticker / NAME | Correlation To ALSN | 1D Price Change % | ||
|---|---|---|---|---|
| ALSN | 100% | +1.58% | ||
| ATMU - ALSN | 55% Loosely correlated | +3.36% | ||
| PHIN - ALSN | 54% Loosely correlated | +4.09% | ||
| ALV - ALSN | 54% Loosely correlated | -0.52% | ||
| PLOW - ALSN | 53% Loosely correlated | +0.81% | ||
| MGA - ALSN | 50% Loosely correlated | +1.46% | ||
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| Ticker / NAME | Correlation To ALSN | 1D Price Change % |
|---|---|---|
| ALSN | 100% | +1.58% |
| Producer Manufacturing category (350 stocks) | 17% Poorly correlated | -0.22% |