ADTALEM GLOBAL EDUCATION INC (ATGE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ATGE • US00737L1035
Overall ATGE gets a technical rating of 2 out of 10. ATGE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- ATGE 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 ATGE has a been trading in the 97.24 - 124.60 range, which is quite wide. It is currently trading near the lows of this range.
- ATGE is part of the Diversified Consumer Services industry. There are 76 other stocks in this industry. ATGE outperforms 76% of them.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, ATGE turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
The technical rating of ATGE is bad and it also does not present a quality setup 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
89.91
4 important support areas can be observed.
- Support @100.05 from a trend line in the daily time frame.
- Support @98.01 from a trend line in the weekly time frame.
- Support @92.56 from a horizontal line in the weekly time frame.
- Support @90.82 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 104.49 to 104.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @115.54 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for ATGE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATGE is down. |
| ChartMill Relative Strength | 50.41 | NEUTRAL | ATGE is not amongst the best or worst performers 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 | MIXED | The current price of ATGE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.93 | NEUTRAL | The RSI value for ATGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.02 | NEGATIVE | The MACD value suggests ATGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.02 | NEUTRAL | The Stochastics value for ATGE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for ATGE suggests some volalility. |
| Average Directional Index/ADX (14) | 36.94 | POSITIVE | The high ADX value value for ATGE suggests a strong trend. |
104.48
+1.26 (+1.22%)
ADTALEM GLOBAL EDUCATION INC / ATGE FAQ
What is the technical rating for ATGE stock?
ChartMill assigns a technical rating of 2 / 10 to ATGE.
Can you provide the trend direction for ADTALEM GLOBAL EDUCATION INC?
The current trend direction for ADTALEM GLOBAL EDUCATION INC (ATGE) is Bearish.
What is the RSI signal for ADTALEM GLOBAL EDUCATION INC (ATGE) stock?
ADTALEM GLOBAL EDUCATION INC (ATGE) has an RSI value of 42.927. This indicates that the stock is currently neutral.
What is the short term momentum for ATGE stock?
The short term momentum for ADTALEM GLOBAL EDUCATION INC (ATGE) is negative.