Alimentation Couche Tard Inc (ATD-A.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ATD-A -
We assign a technical rating of 6 out of 10 to ATD-A. ATD-A was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Looking at the yearly performance, ATD-A did better than 78% of all other stocks. On top of that, ATD-A also shows a nice and consistent pattern of rising prices.
- ATD-A is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 100% of 17 stocks in the same industry.
- ATD-A is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ATD-A is lagging the market slightly.
- ATD-A has an average volume of 1602700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month ATD-A has a been trading in the 47.49 - 55.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ATD-A has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
45.79
When analyzing the support we can see 2 important areas.
- Support @49.53 from a trend line in the weekly time frame.
- A support zone ranging from 46.25 to 47.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 49.93 to 52.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.66 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 ATD-A.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATD-A.CA is down. |
| ChartMill Relative Strength | 78.6 | POSITIVE | ATD-A.CA has a high relative strength, it outperformed 78.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ATD-A.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ATD-A.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATD-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.86 | NEUTRAL | The RSI value for ATD-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests ATD-A.CA has a negative trend. |
| Stochastics (14,3) | 22.96 | NEUTRAL | The Stochastics value for ATD-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ATD-A.CA suggests some volalility. |
TSX:ATD-A (2/18/2022, 7:00:00 PM)
49.66
-1.14 (-2.24%)
Alimentation Couche Tard Inc / ATD-A.CA FAQ
What is the technical rating for ATD-A stock?
ChartMill assigns a technical rating of 6 / 10 to ATD-A.CA.
Can you provide the trend direction for Alimentation Couche Tard Inc?
The current trend direction for Alimentation Couche Tard Inc (ATD-A.CA) is Bullish.
What is the RSI signal for ATD-A stock?
Alimentation Couche Tard Inc (ATD-A.CA) has an RSI value of 38.8636. This indicates that the stock is currently neutral.
What is the MACD signal for ATD-A stock?
The MACD indicator for Alimentation Couche Tard Inc (ATD-A.CA) has a value of -0.393826, indicating a bearish trend.
What are the support and resistance levels for Alimentation Couche Tard Inc (ATD-A.CA) stock?
Alimentation Couche Tard Inc (ATD-A.CA) has a support level at 49.53 and a resistance level at 49.93. Check the full technical report for our detailed analysis of ATD-A.CA support and resistance levels.