Altabancorp (ALTA) Stock Technical Analysis
NASDAQ:ALTA - Nasdaq -
Overall ALTA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ALTA has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ALTA did better than 90% of all other stocks. On top of that, ALTA also shows a nice and consistent pattern of rising prices.
ALTA is part of the Banks industry. There are 394 other stocks in this industry. ALTA outperforms 98% of them.
ALTA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALTA is lagging the market slightly.
In the last month ALTA has a been trading in the 39.11 - 45.22 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ALTA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.04
47.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 41.34 to 42.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.08 to 40.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 39.43 to 39.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.24 to 46.85. 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 ALTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALTA is up. |
| ChartMill Relative Strength | 90.43 | POSITIVE | ALTA has a high relative strength, it outperformed 90.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.11 | NEUTRAL | The RSI value for ALTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests ALTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.03 | OVERBOUGHT | The high Stochastics value suggests ALTA may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ALTA suggests some volalility. |
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)
44.16
-0.56 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.25%
1 Week6.23%
2 Weeks10.32%
1 Month5.65%
3 Month1.94%
6 Month4.03%
12 Month110.39%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.27
ATR(20)%2.55%
ATR Inc-6.07%
Range Today1.12
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.43
Mansfield1.35
10 Day High45.22
10 Day Low39.11
20 Day High45.22
20 Day Low39.11
52 Week High47.8
52 Week Low19.66
CS1 End42.16
CR1 Start46.24
Volume & EV
DER(3)-0.18%
DER(5)2.67%
Volume438.50K
Volume Incr20.45%
Vol(5)144.00K
Vol(50)83.89K