ATRION CORPORATION (ATRI) Stock Technical Analysis
NASDAQ:ATRI - Nasdaq - US0499041053 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ATRI. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ATRI is a bad performer.
Although the technical rating is only medium, ATRI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 459.27, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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391.05
2 important support areas can be observed.
- A support zone ranging from 449.99 to 459.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @395.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @465.26 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 | UP | POSITIVE | The long term trend for ATRI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATRI is up. |
| ChartMill Relative Strength | 32.72 | NEUTRAL | ATRI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATRI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATRI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATRI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.49 | NEUTRAL | The RSI value for ATRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ATRI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.36 | OVERBOUGHT | The high Stochastics value suggests ATRI may be overbought. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for ATRI suggests low volalility. |
| Average Directional Index/ADX (14) | 38.18 | POSITIVE | The high ADX value value for ATRI suggests a strong 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 |
|---|---|---|---|
| 460.27 | 458.49 | 1.78 (0.39%) | 25.00% |
| An entry @460.27. This is a Buy Stop order right above the 10 day high. | An exit @458.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.78 points, which is 0.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- 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.
NASDAQ:ATRI (8/20/2024, 8:22:19 PM)
459.92
+0.26 (+0.06%)