ATRICURE INC (ATRC) Stock Technical Analysis
NASDAQ:ATRC - Nasdaq - US04963C2098 - Common Stock - Currency: USD
Taking everything into account, ATRC scores 7 out of 10 in our technical rating. In the past year, ATRC was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that ATRC is one of the better performing stocks in the market, outperforming 87% of all stocks.
ATRC is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 85% of 188 stocks in the same industry.
In the last month ATRC has a been trading in the 28.29 - 35.60 range, which is quite wide. It is currently trading near the high of this range.
ATRC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ATRC is lagging the market slightly.
ATRC has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.78
42.50
We found 4 important support areas.
- A support zone ranging from 32.50 to 33.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.98 from a trend line in the weekly time frame.
- Support @30.01 from a horizontal line in the weekly time frame.
- A support zone ranging from 29.07 to 29.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- Resistance @34.00 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.66 to 35.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @37.71 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ATRC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATRC is up. |
| ChartMill Relative Strength | 87.55 | POSITIVE | ATRC has a high relative strength, it outperformed 87.55% 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) | 58.08 | NEUTRAL | The RSI value for ATRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests ATRC has a positive trend. |
| Stochastics (14,3) | 81.26 | OVERBOUGHT | The high Stochastics value suggests ATRC may be overbought. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ATRC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.87 | 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)
33.99
+1.28 (+3.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg3.91%
1 Week4.91%
2 Weeks6.85%
1 Month0.95%
3 Month-12.26%
6 Month-6%
12 Month50.8%
2 Year-24.42%
3 Year-16.34%
5 Year-28.91%
10 Year48.17%
15 Year566.47%
Volatility
ATR(14)1.26
ATR(20)%4.73%
ATR Inc-2.82%
Range Today1.06
ADR(20)1.43
ADR(20)%4.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.55
Mansfield0.75
10 Day High34.22
10 Day Low31.2
20 Day High35.6
20 Day Low28.29
52 Week High43.11
52 Week Low18.94
CS1 End33.06
CR1 Start34
Volume & EV
DER(3)-0.01%
DER(5)0.07%
Volume412.50K
Volume Incr-39.76%
Vol(5)471.02K
Vol(50)628.64K