Atlas Corporation (ATCO) Technical Analysis
NYSE:ATCO • MHY0436Q1098
Current stock price
ATCO Technical Rating and Analysis
Overall ATCO gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ATCO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- ATCO is part of the Transportation Infrastructure industry. There are 6 other stocks in this industry. ATCO outperforms 80% of them.
- A new 52 week high is currently being made by ATCO, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, 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.
- When comparing the yearly performance of all stocks, we notice that ATCO is one of the better performing stocks in the market, outperforming 80% of all 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 Weekly and Daily overview Charts
ATCO Setup Rating and Analysis
Besides having an excellent technical rating, ATCO 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. 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
ATCO Support and Resistance Analysis
14.57
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.
2 important resistance areas can be observed.
- 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.
ATCO 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.
| 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. |
ATCO Chart- and CandleStick Pattern Analysis
ATCO Example Setup
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.
ATCO Technicals: Chart, Performance Metrics, Trend & Indicators
15.48
0 (0%)
Atlas Corporation / ATCO TA FAQ
What is the technical rating for ATCO stock?
ChartMill assigns a technical rating of 7 / 10 to ATCO.
What is the current trend direction of Atlas Corporation (ATCO) stock?
The current trend direction for Atlas Corporation (ATCO) is Bullish.
What is the RSI signal for ATCO stock?
Atlas Corporation (ATCO) has an RSI value of 60.1271. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Atlas Corporation?
The MACD indicator for Atlas Corporation (ATCO) has a value of -0.00242957, indicating a bearish trend.
What is the short term momentum for ATCO stock?
The short term momentum for Atlas Corporation (ATCO) is positive.