ACTUANT CORP (ATU) Stock Technical Analysis
USA - NYSE:ATU -
Taking everything into account, ATU scores 0 out of 10 in our technical rating. ATU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ATU is bad and it also does not present a quality setup 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
21.01
When analyzing the support we notice one important area.
- Support @21.22 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 22.43 to 22.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.53 to 23.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @24.78 from a horizontal line in the daily time frame.
- Resistance @26.00 from a trend 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 ATU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATU is down. |
| ChartMill Relative Strength | 22.09 | NEGATIVE | ATU has a low relative strength, it was outperformed by 77.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ATU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.72 | NEUTRAL | The RSI value for ATU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests ATU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.05 | OVERSOLD | The low Stochastics value suggests ATU may be oversold. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ATU suggests some volalility. |
21.87
+0.58 (+2.72%)
ACTUANT CORP / ATU FAQ
What is the ChartMill technical rating of ACTUANT CORP (ATU) stock?
ChartMill assigns a technical rating of 0 / 10 to ATU.
Can you provide the trend direction for ACTUANT CORP?
The current trend direction for ACTUANT CORP (ATU) is Bearish.
Can you provide the RSI signal for ACTUANT CORP?
ACTUANT CORP (ATU) has an RSI value of 42.7185. This indicates that the stock is currently neutral.
What is the MACD signal for ACTUANT CORP (ATU) stock?
The MACD indicator for ACTUANT CORP (ATU) has a value of -0.417605, indicating a bearish trend.