ATRICURE INC (ATRC) Stock Technical Analysis
USA - NASDAQ:ATRC - US04963C2098 - Common Stock
Taking everything into account, ATRC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ATRC has proven to be a steady performer, scoring decent points in every aspect analyzed.
ATRC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.18, a Stop Loss order could be placed below this zone.
More info and screens
28.78
We found 4 important support areas.
- A support zone ranging from 34.77 to 37.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.11 from a horizontal line in the daily time frame.
- Support @31.65 from a trend line in the weekly time frame.
- Support @29.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.54 to 37.54. 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 ATRC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATRC is up. |
| ChartMill Relative Strength | 84.72 | POSITIVE | ATRC has a high relative strength, it outperformed 84.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATRC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATRC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.31 | NEUTRAL | The RSI value for ATRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests ATRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.53 | OVERBOUGHT | The high Stochastics value suggests ATRC may be overbought. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ATRC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.84 | NEUTRAL | The ADX value for ATRC 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 |
|---|---|---|---|
| 37.55 | 35.02 | 2.53 (6.74%) | 14.84% |
| An entry @37.55. This is a Buy Stop order right above the resistance zone. | An exit @35.02. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.53 points, which is 6.74%. | When investing 14.84% 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.
37.54
+0.15 (+0.4%)
ATRICURE INC / ATRC FAQ
What is the technical rating for ATRC stock?
ChartMill assigns a technical rating of 9 / 10 to ATRC.
What is the current trend direction of ATRICURE INC (ATRC) stock?
The current trend direction for ATRICURE INC (ATRC) is Bullish.
What is the RSI signal for ATRC stock?
ATRICURE INC (ATRC) has an RSI value of 59.3097. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ATRICURE INC?
The MACD indicator for ATRICURE INC (ATRC) has a value of 0.187402, indicating a bearish trend.
What are the support and resistance levels for ATRICURE INC (ATRC) stock?
ATRICURE INC (ATRC) has a support level at 37.18 and a resistance level at 37.54. Check the full technical report for our detailed analysis of ATRC support and resistance levels.