ALTAIR ENGINEERING INC - A (ALTR) Stock Technical Analysis
USA - NASDAQ:ALTR - US0213691035 - Common Stock
Overall ALTR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALTR is showing a nice and steady performance.
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
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.
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. |
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.23%. |
- 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.
111.85
+0.16 (+0.14%)
ALTAIR ENGINEERING INC - A / ALTR 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 current trend direction of ALTAIR ENGINEERING INC - A (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.
Can you provide the MACD signal for ALTAIR ENGINEERING INC - A?
The MACD indicator for ALTAIR ENGINEERING INC - A (ALTR) has a value of -0.000191417, indicating a bearish trend.
What is the support and resistance level for 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.