ADTALEM GLOBAL EDUCATION INC (ATGE) Stock Technical Analysis
NYSE:ATGE - New York Stock Exchange, Inc. - US00737L1035 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ATGE. In the last year, ATGE was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ATGE has a been trading in the 116.87 - 130.40 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, ATGE did better than 89% of all other stocks. On top of that, ATGE also shows a nice and consistent pattern of rising prices.
ATGE is part of the Diversified Consumer Services industry. There are 72 other stocks in this industry. ATGE outperforms 76% of them.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
ATGE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ATGE is lagging the market.
Considerably lower volume is observed in the last couple of days.
ATGE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 117.98, a Stop Loss order could be placed below this zone.
More info and screens
87.04
137.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 117.98 to 117.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 106.22 to 106.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @95.54 from a trend line in the daily time frame.
- Support @87.92 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 120.64 to 124.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 126.87 to 128.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @136.25 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 ATGE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATGE is down. |
| ChartMill Relative Strength | 89.72 | POSITIVE | ATGE has a high relative strength, it outperformed 89.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATGE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ATGE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.43 | NEUTRAL | The RSI value for ATGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests ATGE has a negative trend. |
| Stochastics (14,3) | 11.45 | OVERSOLD | The low Stochastics value suggests ATGE may be oversold. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for ATGE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.14 | NEGATIVE | The low ADX value for ATGE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 122.40 | 117.97 | 4.43 (3.62%) | 25.00% |
| An entry @122.40. This is a Buy Stop order right above the 10 day moving average. | An exit @117.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.43 points, which is 3.62%. | For a 0.90% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ATGE. Please evaluate whether better entry and exit points can be found.
- 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.
117.99
-0.86 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-0.72%
1 Week-4.11%
2 Weeks-5.89%
1 Month-1.71%
3 Month13.69%
6 Month28.73%
12 Month66%
2 Year172.87%
3 Year194.24%
5 Year243.59%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.97
ATR(20)%3.39%
ATR Inc-52.2%
Range Today2.63
ADR(20)3.99
ADR(20)%3.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.72
Mansfield1.38
10 Day High130.4
10 Day Low116.87
20 Day High130.4
20 Day Low116.87
52 Week High140.12
52 Week Low67.3
CS1 End117.98
CR1 Start120.64
Volume & EV
DER(3)0.95%
DER(5)0.64%
Volume283.90K
Volume Incr-28.18%
Vol(5)335.00K
Vol(50)529.91K