NASDAQ trade advice (B): US biotechnology stock | 12-13% gain | USA stock trading picks on 21 Aug 2024

Date
August 21, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Trading Signals in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Alnylam Pharmaceuticals
  • 270 – 275
  • 305 – 310
  • Below 260
  • 12% – 13%
  • 12 - 14 Days
  • Buy
    Alnylam Pharmaceuticals
  • Buy
    Range
    270 – 275
  • Target
    305 – 310
  • Stoploss
    Below 260
  • Upside
    Potential
    12% – 13%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Alnylam Pharmaceuticals (NASDAQ: ALNY) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • ALNY
  • Alnylam Pharmaceuticals
  • Biotechnology
  • 274.93
  • 141.975
  • NASDAQ code ALNY
  • Stock Name Alnylam Pharmaceuticals
  • Sector Biotechnology
  • 52 Weeks High 274.93
  • 52 Weeks Low 141.975
  • Alnylam Pharmaceuticals (NASDAQ: ALNY) vs NASDAQ - Relative Strength Comparison

    The image compares Alnylam Pharmaceuticals's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    ALNY —   NASDAQ —

  • Alnylam Pharmaceuticals (NASDAQ: ALNY) - Technical Analysis (Daily)

    Alnylam Pharmaceuticals - Technical Analysis chart on Daily Price and Volume
    Alnylam Pharmaceuticals - Technical Analysis chart on Daily Price and Volume

    • The stock price has encountered several rejections around the 212 level, leading to subsequent corrections.
    • After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level.
    • Consequently, the stock underwent another correction.
    • Following this, the price entered a consolidation phase, forming a Box pattern for a while.
    • In a surprising turn, the price gapped up significantly and broke through its former strong resistance area, remaining above it.
    • Following a brief pullback, the price resumed its upward trajectory, supported by solid trading volume.
  • Alnylam Pharmaceuticals (NASDAQ: ALNY) - RSI Indicator

    Alnylam Pharmaceuticals stock analysis based on RSI indicator
    Alnylam Pharmaceuticals - RSI Indicator

    • Current RSI of this stock is 71.21, which indicates the strength of buyers.

  • Alnylam Pharmaceuticals (NASDAQ: ALNY) - ADX & DI Indicator

    Alnylam Pharmaceuticals stock analysis based on ADX & DI indicator
    Alnylam Pharmaceuticals - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Alnylam Pharmaceuticals (NASDAQ: ALNY) - EMA Crossover

    Alnylam Pharmaceuticals stock analysis based on EMA Crossover
    Alnylam Pharmaceuticals - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Alnylam Pharmaceuticals (NASDAQ: ALNY) Stock Price Forecast

    Based on our swing trade signals for Nasdaq 100 stocks, Alnylam Pharmaceuticals stock price target will be USD 305 - USD 310 in the next 12-14 trading sessions.

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    Stoploss reached. Trade closed.

    NASDAQ: ALNY

    6 days
    3 Sep 2024
    21 Aug 2024
    Loss per
    100,000 SAR
    6 days
    -3,704
    Stop-loss
    3 Sep 2024
    260
    Buy Advice
    21 Aug 2024
    270 – 275
    Target 1
    305
    Target 2
    310
    Profit per
    100,000 SAR
    -3,704
    260
    270 – 275
    305
    310
    6 days
    3 Sep 2024
    21 Aug 2024
    Loss per
    100,000 SAR
    6 days
    -3,704
    Stop-loss
    3 Sep 2024
    260
    Buy Advice
    21 Aug 2024
    270 – 275
    Target 1
    305
    Target 2
    310
    Profit per
    100,000 SAR
    -3,704
    260
    270 – 275
    305
    310
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Alnylam Pharmaceuticals
  • 270 – 275
  • 305 – 310
  • Below 260
  • 12% – 13%
  • 12 - 14 Days
  • Buy Alnylam Pharmaceuticals
  • Buy
    Range
    270 – 275
  • Target 305 – 310
  • Stoploss Below 260
  • Upside
    Potential
    12% – 13%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Alnylam Pharmaceuticals
  • 270 – 275
  • 305 – 310
  • Below 260
  • 12% – 13%
  • 12 - 14 Days
  • Buy
    Alnylam Pharmaceuticals
  • Buy
    Range
    270 – 275
  • Target
    305 – 310
  • Stoploss
    Below 260
  • Upside
    Potential
    12% – 13%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Alnylam Pharmaceuticals (NASDAQ: ALNY) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • ALNY
  • Alnylam Pharmaceuticals
  • Biotechnology
  • 274.93
  • 141.975
  • NASDAQ code ALNY
  • Stock Name Alnylam Pharmaceuticals
  • Sector Biotechnology
  • 52 Weeks High 274.93
  • 52 Weeks Low 141.975
  • Company profile

    Alnylam Pharmaceuticals, Inc. is a biopharmaceutical company that focuses on discovering, developing, and commercializing novel therapeutics based on ribonucleic acid interference. Its marketed products include ONPATTRO (patisiran) for the treatment of hereditary transthyretin-mediated amyloidosis in adults, AMVUTTRA for hATTR amyloidosis with polyneuropathy in adults, GIVLAARI for acute hepatic porphyria, and OXLUMO for primary hyperoxaluria type 1. The company also develops patisiran for ATTR amyloidosis with cardiomyopathy, cemdisiran for complement-mediated diseases, Belcesiran for alpha-1 liver disease, Elebsiran for chronic HBV infection, Zilebesiran for hypertension, ALN-APP for Alzheimer’s disease and cerebral amyloid angiopathy, and ALN-HSD for NASH. The company has strategic collaborations with Regeneron Pharmaceuticals and Roche to develop RNAi therapeutics for various diseases, and has license and collaboration agreements with Novartis AG, Vir Biotechnology, Dicerna Pharmaceuticals, Ionis Pharmaceuticals, and PeptiDream. The company was founded in 2002 and is headquartered in Cambridge, Massachusetts.

  • Alnylam Pharmaceuticals (NASDAQ: ALNY) vs NASDAQ - Relative Strength Comparison

    The image compares Alnylam Pharmaceuticals's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    ALNY —   NASDAQ —

  • Alnylam Pharmaceuticals (NASDAQ: ALNY) - Technical Analysis (Daily)

    Alnylam Pharmaceuticals - Technical Analysis chart on Daily Price and Volume
    Alnylam Pharmaceuticals - Technical Analysis chart on Daily Price and Volume

    • The stock price has encountered several rejections around the 212 level, leading to subsequent corrections.
    • After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level.
    • Consequently, the stock underwent another correction.
    • Following this, the price entered a consolidation phase, forming a Box pattern for a while.
    • In a surprising turn, the price gapped up significantly and broke through its former strong resistance area, remaining above it.
    • Following a brief pullback, the price resumed its upward trajectory, supported by solid trading volume.
  • Alnylam Pharmaceuticals (NASDAQ: ALNY) - RSI Indicator

    Alnylam Pharmaceuticals stock analysis based on RSI indicator
    Alnylam Pharmaceuticals - RSI Indicator

    • Current RSI of this stock is 71.21, which indicates the strength of buyers.

  • Alnylam Pharmaceuticals (NASDAQ: ALNY) - ADX & DI Indicator

    Alnylam Pharmaceuticals stock analysis based on ADX & DI indicator
    Alnylam Pharmaceuticals - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Alnylam Pharmaceuticals (NASDAQ: ALNY) - EMA Crossover

    Alnylam Pharmaceuticals stock analysis based on EMA Crossover
    Alnylam Pharmaceuticals - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Alnylam Pharmaceuticals (NASDAQ: ALNY) Stock Price Forecast

    Based on our swing trade signals for Nasdaq 100 stocks, Alnylam Pharmaceuticals stock price target will be USD 305 - USD 310 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website