Alliant Techsystems Inc. (ATK) Stock Technical Analysis
NYSE:ATK - New York Stock Exchange, Inc. - US0188041042
We assign a technical rating of 8 out of 10 to ATK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ATK is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month ATK has a been trading in the 116.10 - 140.61 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that ATK is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ATK 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 ATK is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ATK has an excellent technical rating, it does not present a decent entry opportunity 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
103.56
141.43
4 important support areas can be observed.
- A support zone ranging from 134.05 to 134.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 127.98 to 130.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @107.70 from a trend line in the weekly time frame.
- Support @104.61 from a trend line in the weekly 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 ATK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATK is up. |
| ChartMill Relative Strength | 79.31 | POSITIVE | ATK has a high relative strength, it outperformed 79.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ATK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 74.14 | OVERBOUGHT | The high RSI value suggests ATK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests ATK has a positive trend, although the MACD value is declining. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ATK suggests some volalility. |
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)
140.03
+0.78 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.56%
1 Week6.55%
2 Weeks5.48%
1 Month18.87%
3 Month26.22%
6 Month8.05%
12 Month7.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.31
ATR(20)%2.81%
ATR Inc-43.88%
Range Today2.88
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.31
Mansfield0.35
10 Day High140.61
10 Day Low123.48
20 Day High140.61
20 Day Low116.1
52 Week High158.13
52 Week Low100.36
CS1 End134.75
CR1 StartN/A
Volume & EV
DER(3)-3.21%
DER(5)-2.82%
Volume1.36M
Volume Incr91%
Vol(5)861.56K
Vol(50)393.18K