APTARGROUP INC (ATR)       105.1  +1.79 (+1.73%)

105.1  +1.79 (+1.73%)

US0383361039 - Common Stock

Technical Rating

6

We assign a technical rating of 6 out of 10 to ATR. ATR has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ATR has a been trading in the 92.55 - 107.01 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ATR turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
ATR is part of the Containers & Packaging industry. There are 28 other stocks in this industry, ATR did better than 42% of them.
ATR is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 4.20% 1.85% -5.05% -13.04% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 56.78 90.23 - 124.14
ATR Weekly chart
ATR Daily chart

Support/Resistance Analysis


92.44

113.19
2 important support areas can be observed.
  • A support zone ranging from 99.40 to 99.72. 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 93.37 to 94.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
  • Resistance @105.90 from a trend line in the daily time frame.
  • A resistance zone ranging from 108.79 to 108.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 111.08 to 112.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

ATR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 105.03. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ATR in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
105.91102.922.99 (2.82%)25.00%
An entry @105.91. This is a Buy Stop order right above the resistance zone.An exit @102.92. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.99 points, which is 2.82%.For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of ATR. Please evaluate whether better entry and exit points can be found.
  • 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.
ATR Daily chart

APTARGROUP INC105.1

NYSE:ATR (11/30/2022, 1:40:45 PM)+1.79 (+1.73%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Containers & Packaging
Performance
Today 1.73% 1 Week -1.74%
2 Weeks -1.04% 1 Month 4.2%
3 Month 1.85% 6 Month -5.05%
Volatility
ATR(14) 2.05 ATR(20)% 2.19%
ATR Inc -7.29% Range Today 3.6
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 56.78 Mansfield -0.08
10 Day High 107.01 10 Day Low 102.93
20 Day High 107.01 20 Day Low 92.55
52 Week High 124.14 52 Week Low 90.23
CS1 End 99.72 CR1 Start 105.03
Volume & EV
DER(3) 5.27% DER(5) 3.11%
Volume 85.97K Volume Incr -19.68%
Vol(5) 198.10K Vol(50) 241.21K

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