ATI INC (ATI)

US01741R1023 - Common Stock

59.3606  +1.27 (+2.19%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to ATI. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

When comparing the yearly performance of all stocks, we notice that ATI is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by ATI over the past year are nicely spread over this period.
ATI is one of the better performing stocks in the Metals & Mining industry, it outperforms 83% of 155 stocks in the same industry.
ATI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ATI is lagging the market slightly.
ATI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ATI has an average volume of 1265070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Weekly and Daily overview Charts
ATI Weekly chart
ATI Daily chart
Setup Rating and Analysis

8

ATI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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 61.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.08, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

34.65

62.24

We found 7 important support areas.

  • A support zone ranging from 57.95 to 58.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 55.51 to 56.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @50.77 from a trend line in the daily time frame.
  • Support @47.87 from a horizontal line in the daily time frame.
  • Support @43.67 from a trend line in the weekly time frame.
  • Support @41.13 from a trend line in the weekly time frame.
  • Support @35.00 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 61.35 to 61.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.22
Mansfield1.07
10 Day High61.9
10 Day Low56.29
20 Day High62.44
20 Day Low56.29
52 Week High62.44
52 Week Low35.03
Performance
1 Week-0.94%
2 Weeks-5.27%
1 Month-3.05%
3 Month17.66%
6 Month35.98%
12 Month47.85%
2 Year155.79%
3 Year178.61%
5 Year130.52%
10 Year28.8%
15 Year66.3%
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)
Technical Indicators
MACD(12,26,9)-0.62
RSI(14)47.09
LBB57.44
UBB62.11
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
61.6357.943.69 (5.99%)16.70%
An entry @61.63. This is a Buy Stop order right above the resistance zone.An exit @57.94. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 3.69 points, which is 5.99%.For a 1.00% total portfolio risk, you can invest 16.70% of your capital in this trade.

  • 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.
ATI Daily chart

ATI INC

NYSE:ATI (6/12/2024, 12:42:00 PM)

59.3606

+1.27 (+2.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.19%
1 Week-0.94%
2 Weeks-5.27%
1 Month-3.05%
3 Month17.66%
6 Month35.98%
12 Month47.85%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.64
ATR(20)%2.72%
ATR Inc
Range Today1.28
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High61.9
10 Day Low56.29
20 Day High62.44
20 Day Low56.29
52 Week High62.44
52 Week Low35.03
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume394.87K
Volume Incr12.85%
Vol(5)1.31M
Vol(50)1.27M