ARTERIS INC (AIP) Stock Technical Analysis
NASDAQ:AIP - Nasdaq - US04302A1043 - Common Stock - Currency: USD
Overall AIP gets a technical rating of 8 out of 10. AIP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
AIP has an excellent technical rating and also presents 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 9.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.22, a Stop Loss order could be placed below this zone.
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5.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.01 to 9.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.03 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.60 to 9.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AIP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AIP is up. |
| ChartMill Relative Strength | 87.98 | POSITIVE | AIP has a high relative strength, it outperformed 87.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AIP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AIP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AIP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.06 | NEUTRAL | The RSI value for AIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AIP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.41 | NEUTRAL | The Stochastics value for AIP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for AIP suggests high volalility. |
| Average Directional Index/ADX (14) | 33.28 | POSITIVE | The high ADX value value for AIP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.71 | 9.00 | 0.71 (7.31%) | 13.68% |
| An entry @9.71. This is a Buy Stop order right above the resistance zone. | An exit @9.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.71 points, which is 7.31%. | For a 1.00% total portfolio risk, you can invest 13.68% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AIP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.23
+0.14 (+1.54%)