APTARGROUP INC (ATR) Stock Technical Analysis
NYSE:ATR - New York Stock Exchange, Inc. - US0383361039 - Common Stock - Currency: USD
Overall ATR gets a technical rating of 7 out of 10. 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.
Besides having an excellent technical rating, ATR also presents 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 158.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 155.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ATR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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135.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 148.75 to 155.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @143.49 from a trend line in the weekly time frame.
- A support zone ranging from 140.17 to 140.81. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @137.20 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 158.12 to 159.83. This zone is formed by a combination of multiple trend lines in the daily 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 ATR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATR is up. |
| ChartMill Relative Strength | 75.67 | POSITIVE | ATR has a high relative strength, it outperformed 75.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.49 | NEUTRAL | The RSI value for ATR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests ATR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.45 | NEUTRAL | The Stochastics value for ATR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for ATR suggests low volalility. |
| Average Directional Index/ADX (14) | 22.33 | NEUTRAL | The ADX value for ATR suggests a possible start of a new trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 159.84 | 150.96 | 8.88 (5.56%) | 18.00% |
| An entry @159.84. This is a Buy Stop order right above the resistance zone. | An exit @150.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.88 points, which is 5.56%. | When investing 18.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
155.94
-0.71 (-0.45%)