AMERICA FIRST MULTIFAMILY IN (ATAX) Stock Technical Analysis
USA - NASDAQ:ATAX - US02364V2060
18.6 USD
-0.45 (-2.39%)
Taking everything into account, ATAX scores 6 out of 10 in our technical rating. ATAX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ATAX has a been trading in the 17.75 - 19.16 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ATAX is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ATAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ATAX is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ATAX does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for ATAX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
16.66
21.06
We found 2 important support areas.
- Support @17.88 from a horizontal line in the daily time frame.
- A support zone ranging from 16.83 to 16.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 18.61 to 18.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 18.94 to 19.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.79 to 19.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.22 from a horizontal line in the weekly time frame.
- Resistance @20.85 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 ATAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATAX is up. |
| ChartMill Relative Strength | 73.32 | POSITIVE | ATAX has a high relative strength, it outperformed 73.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ATAX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ATAX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.5 | NEUTRAL | The RSI value for ATAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ATAX has a negative trend. |
| Stochastics (14,3) | 75.33 | NEUTRAL | The Stochastics value for ATAX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for ATAX suggests low volalility. |
| Average Directional Index/ADX (14) | 18.62 | NEGATIVE | The low ADX value for ATAX suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 18.65 | 18.59 | 0.06 (0.32%) | 25.00% |
| An entry @18.65. This is a Buy Stop order right above the resistance zone. | An exit @18.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.08%. |
- The distance between exit and entry is rather small compared to the average daily movement of ATAX. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:ATAX (12/2/2022, 8:20:28 PM)
18.6
-0.45 (-2.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryThrifts & Mortgage Finance
Performance
% Chg-2.39%
1 Week-2.41%
2 Weeks-1.69%
1 Month2.71%
3 Month-0.53%
6 Month0.05%
12 Month-1.92%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%1.86%
ATR Inc10.08%
Range Today0.4
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
CRS73.32
Mansfield0.1
10 Day High19.16
10 Day Low18.6
20 Day High19.16
20 Day Low17.75
52 Week High20.85
52 Week Low16.53
CS1 End17.88
CR1 Start18.61
Volume & EV
DER(3)2.98%
DER(5)3.62%
Volume27.80K
Volume Incr-42.75%
Vol(5)22.64K
Vol(50)35.01K