ANTERIX INC (ATEX) Stock Technical Analysis
NASDAQ:ATEX • US03676C1009
Taking everything into account, ATEX scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ATEX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- ATEX 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 ATEX is lagging the market slightly.
- In the last month ATEX has a been trading in the 23.03 - 37.41 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that ATEX is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- ATEX is an average performer in the Diversified Telecommunication Services industry, it outperforms 69% of 37 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
25.48
We found 2 important support areas.
- A support zone ranging from 28.75 to 29.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @25.74 from a trend line in the daily time frame.
We found 1 important resistance area.
- 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 | UP | POSITIVE | The long term trend for ATEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATEX is up. |
| ChartMill Relative Strength | 86.54 | POSITIVE | ATEX has a high relative strength, it outperformed 86.54% 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) | UP | POSITIVE | The current price of ATEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.21 | OVERBOUGHT | The high RSI value suggests ATEX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests ATEX has a positive trend. |
| Stochastics (14,3) | 81.95 | OVERBOUGHT | The high Stochastics value suggests ATEX may be overbought. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for ATEX suggests high volalility. |
| Average Directional Index/ADX (14) | 47.8 | POSITIVE | The high ADX value value for ATEX suggests a strong trend. |
35.92
+1.48 (+4.3%)
ANTERIX INC / ATEX FAQ
Can you provide the ChartMill technical rating for ANTERIX INC?
ChartMill assigns a technical rating of 9 / 10 to ATEX.
What is the current trend direction of ANTERIX INC (ATEX) stock?
The current trend direction for ANTERIX INC (ATEX) is Bullish.
What is the RSI signal for ATEX stock?
ANTERIX INC (ATEX) has an RSI value of 77.2088. This indicates that the stock is currently overbought.
What is the buy/sell signal for ATEX stock?
The buy/sell signal for ANTERIX INC (ATEX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ATEX stock?
ANTERIX INC (ATEX) has a support level at 29.08 and a resistance level at 40.87. Check the full technical report for our detailed analysis of ATEX support and resistance levels.