ATS AUTOMATION TOOLING SYS (ATA.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ATA - CA0019401052 - Common Stock
Overall ATA gets a technical rating of 8 out of 10. Although ATA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although ATA has an excellent technical rating, the quality of the presented setup is not ideal 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
38.67
When analyzing the support we can see 5 important areas.
- A support zone ranging from 44.83 to 45.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.39 from a trend line in the weekly time frame.
- Support @42.17 from a horizontal line in the weekly time frame.
- Support @40.87 from a trend line in the daily time frame.
- A support zone ranging from 39.06 to 39.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @51.98 from a horizontal line in the weekly time frame.
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 ATA.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATA.CA is up. |
| ChartMill Relative Strength | 71.31 | POSITIVE | ATA.CA has a high relative strength, it outperformed 71.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATA.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATA.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.58 | NEUTRAL | The RSI value for ATA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests ATA.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.07 | OVERBOUGHT | The high Stochastics value suggests ATA.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for ATA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.45 | POSITIVE | The high ADX value value for ATA.CA suggests a strong trend. |
TSX:ATA (1/19/2023, 7:00:00 PM)
50.23
-1.12 (-2.18%)
ATS AUTOMATION TOOLING SYS / ATA.CA FAQ
What is the technical rating for ATA stock?
ChartMill assigns a technical rating of 8 / 10 to ATA.CA.
Can you provide the trend direction for ATS AUTOMATION TOOLING SYS?
The current trend direction for ATS AUTOMATION TOOLING SYS (ATA.CA) is Bullish.
What is the RSI signal for ATA stock?
ATS AUTOMATION TOOLING SYS (ATA.CA) has an RSI value of 67.5754. This indicates that the stock is currently neutral.
What is the MACD signal for ATS AUTOMATION TOOLING SYS (ATA.CA) stock?
The MACD indicator for ATS AUTOMATION TOOLING SYS (ATA.CA) has a value of 0.641051, indicating a bearish trend.
What is the short term momentum for ATA stock?
The short term momentum for ATS AUTOMATION TOOLING SYS (ATA.CA) is positive.