2019-12-10 | Welcome! Today we compared how two different stocks in the Biotechnology: Biological Products (No Diagnostic Substances) industry are trading: Alector, Inc. and CRISPR Therapeutics AG. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…
First things first: during its last day of trading, Alector, Inc. opened at 19.59, got to a maximum price of 20.02 and dropped to as low as 19.5 before finishing the session at 19.63. In total there were 154915 shares traded, which is enough to conduct our analysis. Compare that now to CRISPR Therapeutics AG, which opened at 67.19, had a high of 68.99, a low of 66.31, closed at 67.45 and had a total volume of 787648.
VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)
| Volume Indicator | Alector, Inc. | CRISPR Therapeutics AG |
|---|---|---|
| Accumulation-distribution index | 128.6589 | 16253.95111 |
| on-balance volume | -19.63 | 67.45 |
| chaikin money flow | 1.4186 | 1.97778 |
| force index | 0.0026 | 20.9592 |
| ease of movement rating | -0.02705 | -0.00363 |
| volume-price trend | 3.45791 | 25.40743 |
| negative volume index | 1000.0 | 1000.0 |
VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)
| Volatility Indicator | Alector, Inc. | CRISPR Therapeutics AG |
|---|---|---|
| Average true range | 0.68924 | 1.52525 |
| Bolinger bands | 19.78341 | 67.64995 |
| Upper bollinger band | 18.90659 | 65.67005 |
| Lower bollinger band | 19.5 | 66.31 |
| Bollinger high band indicator | 1.0 | 1.0 |
| Bollinger high low indicator | 1.0 | nan |
| Central keltner channel | 19.70333 | 67.49667 |
| High band keltner channel | 19.27333 | 65.69667 |
| Low band keltner channel | 20.13333 | 69.29667 |
| High band keltner channel indicator | 1.0 | 1.0 |
| Low band keltner channel indicator | 1.0 | 1.0 |
| Donchain channel high band | 19.5 | 66.31 |
| Donchain channel low band | 19.5 | 66.31 |
| Donchain channel high band indicator | 1.0 | 1.0 |
| Donchain channel low band indicator | 1.0 | 1.0 |
TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)
| Trend Indicator | Alector, Inc. | CRISPR Therapeutics AG |
|---|---|---|
| Moving Average Convergence Divergence (MACD) | trend_macd | 0.01571 |
| MACD signal | -0.00386 | 0.00873 |
| MACD difference | -0.00309 | 0.00698 |
| fast Exponential Moving Average (EMA) indicator | 19.5 | 66.31 |
| slow Exponential Moving Average (EMA) indicator | 19.5 | 66.31 |
| Average Directional Movement Index (ADX) | unknown | unknown |
| ADX positive | 20.0 | 20.0 |
| ADX negative | 20.0 | 20.0 |
| positive Vortex Indicator (VI) | 1.0 | 1.0 |
| negative VI | 1.0 | 1.0 |
| trend vortex difference | 0.88206 | 0.04243 |
| trix | 16.23832 | 27.14468 |
| Mass Index (MI) | 1.0 | 1.0 |
| Commodity Channel Index (CCI) | 66.66667 | 66.66667 |
| Detrended Price Oscillator (DPO) | -2.89017 | -18.08311 |
| KST Oscillator (KST) | 174.00387 | 374.9591 |
| KST Oscillator (KST Signal) | 174.00387 | 374.9591 |
| KST difference | -4.66591 | 3.62868 |
| Ichimoku rating | 19.805 | 68.09 |
| Ichimoku B rating | 19.805 | 68.09 |
| Ichimoku visual trend A | 17.50905 | 51.9776 |
| Ichimoku visual trend B | 17.88015 | 55.00719 |
| Aroon Indicator (AI) | 4.0 | 4.0 |
| AI indicator down | 4.0 | 4.0 |
| AI difference | -4.0 | 4.0 |
MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)
| Momentum Indicator | Alector, Inc. | CRISPR Therapeutics AG |
|---|---|---|
| Relative Strength Index (RSI) | 50.0 | 50.0 |
| Money Flow Index (MFI) | 100.0 | 100.0 |
| True Strength Index (TSI) | 100.0 | 100.0 |
| ultimate oscillator | 96.98004 | 95.35941 |
| stochastic oscillator | 120.93023 | 148.88889 |
| stochastic oscillator signal | 120.93023 | 148.88889 |
| Williams %R rating | 20.93023 | 48.88889 |
| awesome oscillator | 0.02131 | 0.73617 |
RETURNS: That’s all for technical analysis. Now let’s just list the returns for Alector, Inc. and CRISPR Therapeutics AG.
| Daily return | 17.40039 | 37.49591 |
| Daily log return | -1.60252 | 1.05011 |
| Cumulative return | -1.58974 | 1.05565 |
So there you have it: our deep, grueling analysis comparing Alector, Inc. and CRISPR Therapeutics AG together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Alector, Inc.:
The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether ALEC is strong or weak. Again – this is not a reliable indication of whether Alector, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with CRISPR Therapeutics AG
So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.
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DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.
