ATKR Technical Analysis - ATKORE INC

Technical Rating and Analysis

Taking everything into account, ATKR scores 6 out of 10 in our technical rating. ATKR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

88% of all other stocks performed better in the past year than ATKR.

ATKR is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 78% are performing better than ATKR.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month ATKR has a been trading in the 59.50 - 67.41 range, which is quite wide. It is currently trading near the high of this range.

ATKR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ATKR is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ATKR has an average technical rating and also the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

53.52

77.75

4 important support areas can be observed.

A support zone ranging from 63.64 to 64.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 60.94 to 62.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @54.93 from a trend line in the daily time frame.
Support @54.06 from a horizontal line in the weekly time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 67.19 to 67.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @74.13 from a trend line in the weekly time frame.
Resistance @75.57 from a trend line in the daily time frame.
Resistance @76.98 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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 ATKR is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ATKR is up.
ChartMill Relative Strength	12.94	NEGATIVE	ATKR has a low relative strength, it was outperformed by 87.06% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ATKR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ATKR is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ATKR is above a declining SMA(200).
Relative Strength Index/RSI (14)	63.7	NEUTRAL	The RSI value for ATKR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.34	POSITIVE	The MACD value suggests ATKR has a positive trend.
Stochastics (14,3)	84.39	OVERBOUGHT	The high Stochastics value suggests ATKR may be overbought.
Average True Range in percent/ATR (20)	2.88	MEDIUM VOLATILITY	The ATR as a percentage value for ATKR suggests some volalility.
Average Directional Index/ADX (14)	15.24	NEGATIVE	The low ADX value for ATKR suggests a weak or negative trend.