ATRA Technical Analysis - ATARA BIOTHERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to ATRA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ATRA is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, ATRA did better than 94% of all other stocks.

ATRA is one of the better performing stocks in the Biotechnology industry, it outperforms 89% of 538 stocks in the same industry.

In the last month ATRA has a been trading in the 11.33 - 14.91 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.

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

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ATARA BIOTHERAPEUTICS INC / ATRA Weekly stock chart

ATARA BIOTHERAPEUTICS INC / ATRA Daily stock chart

Setup Rating and Analysis

Although ATRA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.31

14.41

2 important support areas can be observed.

A support zone ranging from 11.84 to 11.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @10.41 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 14.25 to 14.27. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for ATRA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ATRA is up.
ChartMill Relative Strength	94.82	POSITIVE	ATRA has a high relative strength, it outperformed 94.82% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ATRA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ATRA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ATRA is above the rising SMA(200).
Relative Strength Index/RSI (14)	71.15	OVERBOUGHT	The high RSI value suggests ATRA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests ATRA has a positive trend.
Stochastics (14,3)	73.8	NEUTRAL	The Stochastics value for ATRA is a neutral value.
Average True Range in percent/ATR (20)	4.97	MEDIUM VOLATILITY	The ATR as a percentage value for ATRA suggests some volalility.
Average Directional Index/ADX (14)	23.28	NEUTRAL	The ADX value for ATRA suggests a possible start of a new trend.