ALPHA TECHNOLOGY GROUP LTD-A (ATGL) Stock Technical Analysis
NASDAQ:ATGL - Nasdaq - VGG0232G1155 - Common Stock - Currency: USD
Overall ATGL gets a technical rating of 5 out of 10. Although ATGL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Warning: ATGL has an average volume of 6174 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that ATGL is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, ATGL also shows a nice and consistent pattern of rising prices.
ATGL is one of the better performing stocks in the IT Services industry, it outperforms 95% of 82 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
ATGL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ATGL is lagging the market.
In the last month ATGL has a been trading in the 20.15 - 25.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, 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. There is a support zone below the current price at 22.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ATGL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
19.94
24.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.21 to 22.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.99 to 21.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.14 to 20.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @22.91 from a trend line in the daily time frame.
- A resistance zone ranging from 23.90 to 24.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 ATGL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ATGL is neutral. |
| ChartMill Relative Strength | 98.91 | POSITIVE | ATGL has a high relative strength, it outperformed 98.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ATGL is above 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) | 47.83 | NEUTRAL | The RSI value for ATGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests ATGL has a positive trend. |
| Stochastics (14,3) | 72.39 | NEUTRAL | The Stochastics value for ATGL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for ATGL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.19 | 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)
22.6842
+0.18 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.82%
1 Week2.37%
2 Weeks10.12%
1 Month-11.91%
3 Month-20.18%
6 Month35.43%
12 Month513.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%5.89%
ATR Inc-10.44%
Range Today0.66
ADR(20)0.83
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.91
Mansfield2.4
10 Day High23.9
10 Day Low20.18
20 Day High25.21
20 Day Low20.15
52 Week High57.32
52 Week Low1.15
CS1 End22.45
CR1 Start22.91
Volume & EV
DER(3)3.1%
DER(5)-1.82%
Volume4.60K
Volume Incr33.14%
Vol(5)4.50K
Vol(50)6.17K