ALTAIR ENGINEERING INC - A (ALTR) Technical Analysis
NASDAQ:ALTR • US0213691035
Current stock price
ALTR Technical Rating and Analysis
Taking everything into account, ALTR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ALTR 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, ALTR did better than 92% of all other stocks. We also observe that the gains produced by ALTR over the past year are nicely spread over this period.
- ALTR is part of the Software industry. There are 275 other stocks in this industry. ALTR outperforms 95% of them.
- ALTR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ALTR is leading the market.
- In the last month ALTR has a been trading in a tight range between 110.78 and 112.31.
ALTR Weekly and Daily overview Charts
ALTR Setup Rating and Analysis
Besides having an excellent technical rating, ALTR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 111.51, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ALTR Support and Resistance Analysis
88.29
2 important support areas can be observed.
- A support zone ranging from 110.12 to 111.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @89.18 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 111.86 to 112.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
ALTR 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 ALTR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALTR is up. |
| ChartMill Relative Strength | 92.48 | POSITIVE | ALTR has a high relative strength, it outperformed 92.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALTR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALTR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALTR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.72 | NEUTRAL | The RSI value for ALTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ALTR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.39 | NEUTRAL | The Stochastics value for ALTR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for ALTR suggests low volalility. |
| Average Directional Index/ADX (14) | 39.74 | POSITIVE | The high ADX value value for ALTR suggests a strong trend. |
ALTR Chart- and CandleStick Pattern Analysis
ALTR Example Setup
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 |
|---|---|---|---|
| 112.12 | 111.09 | 1.03 (0.92%) | 25.00% |
| An entry @112.12. This is a Buy Stop order right above the resistance zone. | An exit @111.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.03 points, which is 0.92%. | For a 0.23% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
ALTR Technicals: Chart, Performance Metrics, Trend & Indicators
111.85
+0.16 (+0.14%)
ALTAIR ENGINEERING INC - A / ALTR TA FAQ
What is the ChartMill technical rating of ALTAIR ENGINEERING INC - A (ALTR) stock?
ChartMill assigns a technical rating of 10 / 10 to ALTR.
What is the trend direction for ALTR stock?
The current trend direction for ALTAIR ENGINEERING INC - A (ALTR) is Bullish.
What is the RSI signal for ALTAIR ENGINEERING INC - A (ALTR) stock?
ALTAIR ENGINEERING INC - A (ALTR) has an RSI value of 65.7156. This indicates that the stock is currently neutral.
What is the MACD signal for ALTR stock?
The MACD indicator for ALTAIR ENGINEERING INC - A (ALTR) has a value of -0.000191417, indicating a bearish trend.
What are the support and resistance levels for ALTAIR ENGINEERING INC - A (ALTR) stock?
ALTAIR ENGINEERING INC - A (ALTR) has a support level at 111.51 and a resistance level at 111.86. Check the full technical report for our detailed analysis of ALTR support and resistance levels.