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ATS AUTOMATION TOOLING SYS (ATA.CA) Stock Technical Analysis

TSX:ATA - Toronto Stock Exchange - CA0019401052 - Common Stock - Currency: CAD

50.23  -1.12 (-2.18%)

Technical Rating and Analysis

8

Taking everything into account, ATA scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ATA is only an average performer.

The long and short term trends are both positive. This is looking good!
ATA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ATA is performing more or less in line with the market.
In the last month ATA has a been trading in the 40.75 - 51.48 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ATA did better than 71% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ATA is part of the Machinery industry. There are 21 other stocks in this industry, ATA did better than 70% of them.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
ATS AUTOMATION TOOLING SYS / ATA Weekly stock chart
ATS AUTOMATION TOOLING SYS / ATA Daily stock chart
Setup Rating and Analysis

5

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.

Support and Resistance Analysis

38.67

52.50

5 important support areas can be observed.

  • 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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ATA.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ATA.CA is up.
ChartMill Relative Strength71.31POSITIVEATA.CA has a high relative strength, it outperformed 71.31% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ATA.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ATA.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ATA.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)67.58NEUTRALThe RSI value for ATA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.64POSITIVEThe MACD value suggests ATA.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)95.07OVERBOUGHTThe high Stochastics value suggests ATA.CA may be overbought.
Average True Range in percent/ATR (20)2.72MEDIUM VOLATILITYThe ATR as a percentage value for ATA.CA suggests some volalility.
Average Directional Index/ADX (14)29.45POSITIVEThe high ADX value value for ATA.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
ATS AUTOMATION TOOLING SYS / ATA Daily stock chart

ATS AUTOMATION TOOLING SYS

TSX:ATA (1/19/2023, 7:00:00 PM)

50.23

-1.12 (-2.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.18%
1 Week1.29%
2 Weeks13.21%
1 Month16.6%
3 Month10.76%
6 Month31.77%
12 Month-2.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%2.72%
ATR Inc-25.81%
Range Today1.26
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.31
Mansfield2.44
10 Day High51.49
10 Day Low44.12
20 Day High51.49
20 Day Low40.75
52 Week High53.65
52 Week Low30.6
CS1 End45.92
CR1 Start51.98
Volume & EV
DER(3)-10.16%
DER(5)-13.7%
Volume127.50K
Volume Incr-20.44%
Vol(5)108.31K
Vol(50)170.12K