ATRICURE INC (ATRC) Stock Technical Analysis
NASDAQ:ATRC - Nasdaq - US04963C2098 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ATRC. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
ATRC is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 80% of 187 stocks in the same industry.
Looking at the yearly performance, ATRC did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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 resistance zone just above the current price starting at 31.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.56, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ATRC 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.
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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.84 to 32.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.95 to 35.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for ATRC is neutral. |
| ChartMill Relative Strength | 76.86 | POSITIVE | ATRC has a high relative strength, it outperformed 76.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ATRC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ATRC is below the rising 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) | 51.93 | NEUTRAL | The RSI value for ATRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ATRC has a positive trend. |
| Stochastics (14,3) | 53.74 | NEUTRAL | The Stochastics value for ATRC is a neutral value. |
| 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) | 16.06 | 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)
31.5
+1.33 (+4.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg4.41%
1 Week7.66%
2 Weeks2.54%
1 Month-4.2%
3 Month-5.69%
6 Month-22.38%
12 Month42.53%
2 Year-43.09%
3 Year-36.25%
5 Year-22.81%
10 Year13.35%
15 Year396.85%
Volatility
ATR(14)1.12
ATR(20)%3.36%
ATR Inc11.37%
Range Today1.16
ADR(20)1.03
ADR(20)%3.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.86
Mansfield-1.02
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 Start31.84
Volume & EV
DER(3)3.06%
DER(5)1.85%
Volume589.20K
Volume Incr26.07%
Vol(5)489.98K
Vol(50)444.18K