ATRICURE INC (ATRC) Stock Technical Analysis
NASDAQ:ATRC - Nasdaq - US04963C2098 - Common Stock - Currency: USD
Taking everything into account, ATRC scores 1 out of 10 in our technical rating. ATRC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
ATRC is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 76% of 187 stocks in the same industry.
When comparing the performance of all stocks over the past year, ATRC turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
ATRC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ATRC is lagging the market.
In the last month ATRC has a been trading in the 28.96 - 33.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ATRC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 29.56, a Stop Loss order could be placed below this zone.
More info and screens
28.78
42.50
We found 1 important support area.
- A support zone ranging from 29.07 to 29.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 30.75 to 31.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.68 to 32.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @35.09 from a horizontal line in the daily time frame.
- Resistance @42.08 from a horizontal 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 ATRC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATRC is down. |
| ChartMill Relative Strength | 68.92 | NEUTRAL | ATRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATRC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATRC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ATRC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.98 | NEUTRAL | The RSI value for ATRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ATRC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for ATRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for ATRC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.15 | NEGATIVE | The low ADX value for ATRC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
30.17
-0.65 (-2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.11%
1 Week1.41%
2 Weeks-5.9%
1 Month-6.51%
3 Month-9.67%
6 Month-25.65%
12 Month36.52%
2 Year-45.49%
3 Year-38.94%
5 Year-26.07%
10 Year8.56%
15 Year375.87%
Volatility
ATR(14)1.06
ATR(20)%3.44%
ATR Inc15.95%
Range Today0.93
ADR(20)1.02
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.92
Mansfield-1.35
10 Day High32.33
10 Day Low28.96
20 Day High33.15
20 Day Low28.96
52 Week High43.11
52 Week Low20.2
CS1 End29.56
CR1 Start30.75
Volume & EV
DER(3)0.55%
DER(5)0.21%
Volume405.04K
Volume Incr9.73%
Vol(5)431.11K
Vol(50)441.46K