We assign a technical rating of 7 out of 10 to ATEX. ATEX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- ATEX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- When compared to the yearly performance of all other stocks, ATEX outperforms 41% of them, which is more or less in line with the market.
- ATEX is part of the Diversified Telecommunication Services industry. There are 37 other stocks in this industry, ATEX did better than 58% of them.
- In the last month ATEX has a been trading in the 21.08 - 25.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ATEX has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
21.08
We found 3 important support areas.
- A support zone ranging from 22.89 to 23.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.80 to 21.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.29 to 21.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.19 to 25.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @40.87 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 | NEUTRAL | NEUTRAL | The long term trend for ATEX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATEX is up. |
| ChartMill Relative Strength | 41.92 | NEUTRAL | ATEX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ATEX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.93 | NEUTRAL | The RSI value for ATEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ATEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.33 | NEUTRAL | The Stochastics value for ATEX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for ATEX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.72 | POSITIVE | The high ADX value value for ATEX suggests a strong trend. |
23.81
-0.45 (-1.85%)
ANTERIX INC / ATEX FAQ
Can you provide the ChartMill technical rating for ANTERIX INC?
ChartMill assigns a technical rating of 7 / 10 to ATEX.
What is the current trend direction of ANTERIX INC (ATEX) stock?
The current trend direction for ANTERIX INC (ATEX) is Bearish.
What is the RSI signal for ATEX stock?
ANTERIX INC (ATEX) has an RSI value of 56.934. This indicates that the stock is currently neutral.
What is the support and resistance level for ATEX stock?
ANTERIX INC (ATEX) has a support level at 23.07 and a resistance level at 25.19. Check the full technical report for our detailed analysis of ATEX support and resistance levels.