ATEX Technical Analysis - ANTERIX INC

Technical Rating and Analysis

Overall ATEX gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ATEX was also a bad performer in the overall market in the last year.

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.

91% of all other stocks performed better in the past year than ATEX.

ATEX is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 80% of 36 stocks in the same industry do better.

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.

In the last month ATEX has a been trading in the 20.91 - 23.94 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

ATEX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.36, 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

20.75

41.28

We found 2 important support areas.

A support zone ranging from 21.89 to 22.36. 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 20.96 to 21.20. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 23.74 to 23.74. 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.

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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 ATEX is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ATEX is neutral.
ChartMill Relative Strength	9.1	NEGATIVE	ATEX has a low relative strength, it was outperformed by 90.9% off all stocks 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	NEGATIVE	The current price of ATEX is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.99	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.
Stochastics (14,3)	41.4	NEUTRAL	The Stochastics value for ATEX is a neutral value.
Average True Range in percent/ATR (20)	3.57	MEDIUM VOLATILITY	The ATR as a percentage value for ATEX suggests some volalility.
Average Directional Index/ADX (14)	18.74	NEGATIVE	The low ADX value for ATEX suggests a weak or negative trend.