ATEME Technical Analysis - ATEME SA

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to ATEME. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

Warning: ATEME has an average volume of 5757 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

Looking at the yearly performance, ATEME did better than 97% of all other stocks.

ATEME is part of the Communications Equipment industry. There are 28 other stocks in this industry. ATEME outperforms 85% of them.

ATEME 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 ATEME is lagging the market slightly.

In the last month ATEME has a been trading in the 5.38 - 6.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

ATEME has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.96

6.58

When analyzing the support we can see 4 important areas.

A support zone ranging from 5.62 to 5.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 5.50 to 5.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @4.27 from a trend line in the daily time frame.
Support @4.00 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 6.27 to 6.33. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Resistance @6.51 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for ATEME.PA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ATEME.PA is neutral.
ChartMill Relative Strength	97.29	POSITIVE	ATEME.PA has a high relative strength, it outperformed 97.29% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ATEME.PA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ATEME.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ATEME.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.34	NEUTRAL	The RSI value for ATEME.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests ATEME.PA has a positive trend.
Stochastics (14,3)	70.06	NEUTRAL	The Stochastics value for ATEME.PA is a neutral value.
Average True Range in percent/ATR (20)	3.94	MEDIUM VOLATILITY	The ATR as a percentage value for ATEME.PA suggests some volalility.
Average Directional Index/ADX (14)	27.54	POSITIVE	The high ADX value value for ATEME.PA suggests a strong trend.