ALPHA TECHNOLOGY GROUP LTD-A (ATGL) Stock Technical Analysis
NASDAQ:ATGL - Nasdaq - VGG0232G1155 - Common Stock - Currency: USD
Taking everything into account, ATGL scores 3 out of 10 in our technical rating. ATGL was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month ATGL has a been trading in the 24.70 - 28.50 range, which is quite wide. It is currently trading near the lows of this range.
Warning: ATGL has an average volume of 7748 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
ATGL is one of the better performing stocks in the IT Services industry, it outperforms 98% of 82 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, ATGL did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ATGL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ATGL is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ATGL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
23.13
28.20
We found 2 important support areas.
- Support @24.30 from a horizontal line in the weekly time frame.
- Support @23.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @25.17 from a trend line in the daily time frame.
- Resistance @26.78 from a horizontal line in the weekly time frame.
- Resistance @27.92 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 ATGL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATGL is down. |
| ChartMill Relative Strength | 99.61 | POSITIVE | ATGL has a high relative strength, it outperformed 99.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATGL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.27 | NEUTRAL | The RSI value for ATGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ATGL has a negative trend. |
| Stochastics (14,3) | 19.38 | OVERSOLD | The low Stochastics value suggests ATGL may be oversold. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ATGL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.03 | NEGATIVE | The low ADX value for ATGL 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)
25
-0.21 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.83%
1 Week-1.59%
2 Weeks-7.06%
1 Month-3.66%
3 Month-16.39%
6 Month77.94%
12 Month805.27%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%4.45%
ATR Inc-53.1%
Range Today0
ADR(20)0.92
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.61
Mansfield5.51
10 Day High27.05
10 Day Low24.7
20 Day High28.5
20 Day Low24.7
52 Week High57.32
52 Week Low1.15
CS1 End24.3
CR1 Start25.17
Volume & EV
DER(3)1.96%
DER(5)1.18%
Volume1.80K
Volume Incr-67.77%
Vol(5)2.82K
Vol(50)7.75K