Altabancorp (ALTA) Technical Analysis
NASDAQ:ALTA
Current stock price
ALTA Technical Rating and Analysis
Taking everything into account, ALTA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALTA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ALTA is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by ALTA over the past year are nicely spread over this period.
- ALTA is part of the Banks industry. There are 377 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.
ALTA Weekly and Daily overview Charts
ALTA Setup Rating and Analysis
Although ALTA has an excellent technical rating, it does not offer a high quality setup 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
ALTA Support and Resistance Analysis
39.04
We found 3 important support 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.
ALTA Technical Indicator Signal Analysis
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. |
ALTA Chart- and CandleStick Pattern Analysis
ALTA Technicals: Chart, Performance Metrics, Trend & Indicators
44.16
-0.56 (-1.25%)
Altabancorp / ALTA TA FAQ
Can you provide the ChartMill technical rating for Altabancorp?
ChartMill assigns a technical rating of 10 / 10 to ALTA.
Can you provide the trend direction for Altabancorp?
The current trend direction for Altabancorp (ALTA) is Bullish.
What is the RSI signal for Altabancorp (ALTA) stock?
Altabancorp (ALTA) has an RSI value of 66.1108. This indicates that the stock is currently neutral.
What is the short term momentum for ALTA stock?
The short term momentum for Altabancorp (ALTA) is positive.
What are the support and resistance levels for Altabancorp (ALTA) stock?
Altabancorp (ALTA) has a support level at 42.16 and a resistance level at 46.24. Check the full technical report for our detailed analysis of ALTA support and resistance levels.