ATE Technical Analysis - ALTEN SA

Technical Rating and Analysis

Overall ATE gets a technical rating of 1 out of 10. ATE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, ATE is a bad performer in the overall market: 95% of all stocks are doing better.

ATE is part of the IT Services industry. There are 71 other stocks in this industry, of which 72% are performing better than ATE.

ATE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ATE has a been trading in the 62.90 - 68.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ATE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 66.90, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

65.24

104.54

5 important resistance areas can be observed.

A resistance zone ranging from 66.00 to 67.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @74.93 from a trend line in the daily time frame.
A resistance zone ranging from 76.45 to 77.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @80.95 from a trend line in the weekly time frame.
Resistance @103.50 from a horizontal line in the weekly time frame.

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Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for ATE.PA is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ATE.PA is neutral.
ChartMill Relative Strength	5.51	NEGATIVE	ATE.PA has a low relative strength, it was outperformed by 94.49% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ATE.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ATE.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ATE.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.32	NEUTRAL	The RSI value for ATE.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.51	POSITIVE	The MACD value suggests ATE.PA has a positive trend.
Stochastics (14,3)	80.72	OVERBOUGHT	The high Stochastics value suggests ATE.PA may be overbought.
Average True Range in percent/ATR (20)	2.28	MEDIUM VOLATILITY	The ATR as a percentage value for ATE.PA suggests some volalility.
Average Directional Index/ADX (14)	19.3	NEGATIVE	The low ADX value for ATE.PA suggests a weak or negative trend.