A10 NETWORKS INC (ATEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ATEN - US0021211018 - Common Stock
We assign a technical rating of 0 out of 10 to ATEN. ATEN'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 negative, as is the long term trend. There should be more interesting stocks out there.
- 73% of all other stocks performed better in the past year than ATEN.
- ATEN is part of the Software industry. There are 276 other stocks in this industry, ATEN did better than 69% of them.
- ATEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ATEN is lagging the market.
- In the last month ATEN has a been trading in the 17.00 - 18.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ATEN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.54, 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
16.38
2 important support areas can be observed.
- A support zone ranging from 16.84 to 17.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.55 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 18.04 to 18.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.96 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for ATEN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATEN is down. |
| ChartMill Relative Strength | 27.33 | NEGATIVE | ATEN has a low relative strength, it was outperformed by 72.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ATEN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ATEN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.21 | NEUTRAL | The RSI value for ATEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ATEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.97 | NEUTRAL | The Stochastics value for ATEN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for ATEN suggests low volalility. |
| Average Directional Index/ADX (14) | 19.32 | NEGATIVE | The low ADX value for ATEN suggests a weak or negative trend. |
17.58
+0.18 (+1.03%)
A10 NETWORKS INC / ATEN FAQ
What is the ChartMill technical rating of A10 NETWORKS INC (ATEN) stock?
ChartMill assigns a technical rating of 0 / 10 to ATEN.
What is the current trend direction of A10 NETWORKS INC (ATEN) stock?
The current trend direction for A10 NETWORKS INC (ATEN) is Bearish.
What is the RSI signal for ATEN stock?
A10 NETWORKS INC (ATEN) has an RSI value of 49.2098. This indicates that the stock is currently neutral.
What is the MACD signal for ATEN stock?
The MACD indicator for A10 NETWORKS INC (ATEN) has a value of -0.0430682, indicating a bearish trend.
Can you provide the buy/sell signal for A10 NETWORKS INC?
The buy/sell signal for A10 NETWORKS INC (ATEN) is sell as both the short term and long term trends are negative.