A10 NETWORKS INC (ATEN) Stock Technical Analysis
NYSE:ATEN • US0021211018
Overall ATEN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ATEN is only an average performer.
- The long and short term trends are both positive. This is looking good!
- ATEN is part of the Software industry. There are 276 other stocks in this industry. ATEN outperforms 85% of them.
- ATEN 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 ATEN is lagging the market slightly.
- ATEN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, ATEN outperforms 58% of them, which is more or less in line with the market.
ATEN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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16.38
When analyzing the support we can see 3 important areas.
- Support @17.65 from a trend line in the weekly time frame.
- A support zone ranging from 17.03 to 17.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.55 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 | UP | POSITIVE | The long term trend for ATEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATEN is up. |
| ChartMill Relative Strength | 58.31 | NEUTRAL | ATEN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.2 | NEUTRAL | The RSI value for ATEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ATEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.93 | NEUTRAL | The Stochastics value for ATEN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for ATEN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.85 | POSITIVE | The high ADX value value for ATEN suggests a strong trend. |
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 |
|---|---|---|---|
| 20.04 | 17.00 | 3.04 (15.19%) | 6.58% |
| An entry @20.04. This is a Buy Stop order right above the 10 day moving average. | An exit @17.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.04 points, which is 15.19%. | When investing 6.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
19.95
-0.11 (-0.55%)
A10 NETWORKS INC / ATEN FAQ
What is the ChartMill technical rating of A10 NETWORKS INC (ATEN) stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for ATEN stock?
A10 NETWORKS INC (ATEN) has an RSI value of 60.1953. 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 0.154605, 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 buy as both the short term and long term trends are positive.