Taking everything into account, ATEX scores 4 out of 10 in our technical rating. 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.
Although the technical rating is only medium, ATEX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 22.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.82, a Stop Loss order could be placed below this zone.
More info and screens
19.67
We found 2 important support areas.
- A support zone ranging from 21.57 to 21.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.87 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 22.42 to 22.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 23.00 to 23.17. 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 | 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 | 19.91 | NEGATIVE | ATEX has a low relative strength, it was outperformed by 80.09% 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) | 53.98 | NEUTRAL | The RSI value for ATEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ATEX has a negative trend. |
| Stochastics (14,3) | 31.98 | NEUTRAL | The Stochastics value for ATEX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ATEX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.08 | NEUTRAL | The ADX value for ATEX suggests a possible start of a new trend. |
21.83
+0.45 (+2.1%)
ANTERIX INC / ATEX FAQ
Can you provide the ChartMill technical rating for ANTERIX INC?
ChartMill assigns a technical rating of 4 / 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 53.9765. 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 21.82 and a resistance level at 22.42. Check the full technical report for our detailed analysis of ATEX support and resistance levels.