Atlantic Power Corp (ATP.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ATP -
Overall ATP gets a technical rating of 2 out of 10. ATP was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
The technical rating of ATP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.51
2 important support areas can be observed.
- A support zone ranging from 3.50 to 3.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.54 to 2.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.62 to 3.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.81 to 3.82. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ATP.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATP.CA is down. |
| ChartMill Relative Strength | 34.91 | NEUTRAL | ATP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATP.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATP.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.41 | NEUTRAL | The RSI value for ATP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ATP.CA has a negative trend. |
| Stochastics (14,3) | 12.79 | OVERSOLD | The low Stochastics value suggests ATP.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.75 | LOW VOLATILITY | The low ATR as a percentage value for ATP.CA suggests low volalility. |
TSX:ATP (5/17/2021, 3:59:59 PM)
3.61
-0.05 (-1.37%)
Atlantic Power Corp / ATP.CA FAQ
What is the ChartMill technical rating of Atlantic Power Corp (ATP.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to ATP.CA.
Can you provide the trend direction for Atlantic Power Corp?
The current trend direction for Atlantic Power Corp (ATP.CA) is Bullish.
Can you provide the RSI signal for Atlantic Power Corp?
Atlantic Power Corp (ATP.CA) has an RSI value of 36.4099. This indicates that the stock is currently neutral.
What is the short term momentum for Atlantic Power Corp (ATP.CA) stock?
The short term momentum for Atlantic Power Corp (ATP.CA) is negative.
What are the support and resistance levels for Atlantic Power Corp (ATP.CA) stock?
Atlantic Power Corp (ATP.CA) has a support level at 3.53 and a resistance level at 3.62. Check the full technical report for our detailed analysis of ATP.CA support and resistance levels.