ATS CORP (ATS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ATS - CA00217Y1043 - Common Stock
We assign a technical rating of 7 out of 10 to ATS. In the last year, ATS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ATS 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 28.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ATS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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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When analyzing the support we can see 3 important areas.
- A support zone ranging from 26.60 to 27.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.66 from a trend line in the daily time frame.
- A support zone ranging from 24.24 to 24.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 28.43 to 28.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.56 from a horizontal line in the daily time frame.
- Resistance @31.52 from a trend line in the weekly time frame.
- Resistance @32.49 from a horizontal line in the weekly time frame.
- Resistance @33.31 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 ATS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATS is up. |
| ChartMill Relative Strength | 50.04 | NEUTRAL | ATS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.18 | NEUTRAL | The RSI value for ATS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests ATS has a positive trend. |
| Stochastics (14,3) | 86.52 | OVERBOUGHT | The high Stochastics value suggests ATS may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ATS suggests some volalility. |
| Average Directional Index/ADX (14) | 24.03 | NEUTRAL | The ADX value for ATS 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 |
|---|---|---|---|
| 28.72 | 26.59 | 2.13 (7.42%) | 13.48% |
| An entry @28.72. This is a Buy Stop order right above the resistance zone. | An exit @26.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.13 points, which is 7.42%. | When investing 13.48% 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.
28.35
+0.48 (+1.72%)
ATS CORP / ATS FAQ
What is the technical rating for ATS stock?
ChartMill assigns a technical rating of 7 / 10 to ATS.
What is the current trend direction of ATS CORP (ATS) stock?
The current trend direction for ATS CORP (ATS) is Bullish.
Can you provide the RSI signal for ATS CORP?
ATS CORP (ATS) has an RSI value of 61.1833. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ATS CORP?
The short term momentum for ATS CORP (ATS) is positive.
Can you provide the support and resistance levels for ATS CORP?
ATS CORP (ATS) has a support level at 27.51 and a resistance level at 28.43. Check the full technical report for our detailed analysis of ATS support and resistance levels.