Atlas Corporation (ATCO) Stock Technical Analysis
NYSE:ATCO - New York Stock Exchange, Inc. - MHY0436Q1098 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ATCO. Both in the recent history as in the last year, ATCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
ATCO is one of the lesser performing stocks in the Transportation Infrastructure industry. 66% of 7 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
ATCO is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ATCO is leading the market.
ATCO has an average volume of 2960620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ATCO did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month ATCO has a been trading in a tight range between 15.35 and 15.51.
ATCO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.44, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
14.57
15.94
2 important support areas can be observed.
- A support zone ranging from 15.25 to 15.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.72 to 14.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.48 to 15.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.78 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 ATCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATCO is up. |
| ChartMill Relative Strength | 80.46 | POSITIVE | ATCO has a high relative strength, it outperformed 80.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.13 | NEUTRAL | The RSI value for ATCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ATCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.73 | NEUTRAL | The Stochastics value for ATCO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.4 | LOW VOLATILITY | The low ATR as a percentage value for ATCO suggests low volalility. |
| Average Directional Index/ADX (14) | 14.06 | NEGATIVE | The low ADX value for ATCO 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 |
|---|---|---|---|
| 15.50 | 15.34 | 0.16 (1.03%) | 25.00% |
| An entry @15.50. This is a Buy Stop order right above the resistance zone. | An exit @15.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.16 points, which is 1.03%. | For a 0.26% 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.
15.48
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTransportation Infrastructure
Performance
% Chg0%
1 Week0.32%
2 Weeks0.39%
1 Month0.45%
3 Month0.91%
6 Month11.37%
12 Month5.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.4%
ATR Inc23.3%
Range Today0.03
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
CRS80.46
Mansfield1.02
10 Day High15.51
10 Day Low15.35
20 Day High15.51
20 Day Low15.35
52 Week High15.51
52 Week Low10.13
CS1 End15.44
CR1 Start15.48
Volume & EV
DER(3)-1.55%
DER(5)-2.02%
Volume2.30M
Volume Incr13.57%
Vol(5)2.93M
Vol(50)2.96M