ALTAIR ENGINEERING INC - A (ALTR) Stock Technical Analysis
NASDAQ:ALTR - Nasdaq - US0213691035 - Common Stock - Currency: USD
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 283 other stocks in this industry. ALTR outperforms 85% of them.
ALTR is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month ALTR has a been trading in a tight range between 110.78 and 112.31.
Besides having an excellent technical rating, ALTR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
113.23
We found 2 important support areas.
- 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.
When analyzing the resistance we notice one important 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.48
Mansfield1.38
10 Day High112.31
10 Day Low111.1
20 Day High112.31
20 Day Low110.78
52 Week High113.12
52 Week Low75.71
Performance
1 Week0.37%
2 Weeks0.46%
1 Month0.25%
3 Month2.61%
6 Month17.9%
12 Month29.83%
2 Year55.11%
3 Year73.68%
5 Year322.07%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)65.72
LBB110.94
UBB111.9
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.
111.85
+0.16 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.14%
1 Week0.37%
2 Weeks0.46%
1 Month0.25%
3 Month2.61%
6 Month17.9%
12 Month29.83%
2 Year55.11%
3 Year73.68%
5 Year322.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%0.33%
ATR Inc-38.13%
Range Today0.21
ADR(20)0.36
ADR(20)%0.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.48
Mansfield1.38
10 Day High112.31
10 Day Low111.1
20 Day High112.31
20 Day Low110.78
52 Week High113.12
52 Week Low75.71
CS1 End111.51
CR1 Start111.86
Volume & EV
DER(3)-1.28%
DER(5)-1.07%
Volume1.02M
Volume Incr27.19%
Vol(5)980.98K
Vol(50)804.23K