ATARA BIOTHERAPEUTICS INC (ATRA) Stock Technical Analysis
NASDAQ:ATRA - Nasdaq - US0465132068 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ATRA. In the past year, ATRA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, ATRA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 7.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ATRA 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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We found 1 important support area.
- A support zone ranging from 7.19 to 7.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @7.83 from a horizontal line in the weekly time frame.
- Resistance @8.00 from a horizontal line in the daily time frame.
- Resistance @10.16 from a trend line in the weekly time frame.
- Resistance @14.73 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ATRA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATRA is up. |
| ChartMill Relative Strength | 21.42 | NEGATIVE | ATRA has a low relative strength, it was outperformed by 78.58% 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 | MIXED | The current price of ATRA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.85 | NEUTRAL | The RSI value for ATRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ATRA has a positive trend. |
| Stochastics (14,3) | 84.36 | OVERBOUGHT | The high Stochastics value suggests ATRA may be overbought. |
| Average True Range in percent/ATR (20) | 8.55 | HIGH VOLATILITY | The high ATR as a percentage value for ATRA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.06 | POSITIVE | The high ADX value value for ATRA suggests a strong trend. |
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