ALTICE USA INC- A (ATUS) Stock Technical Analysis
USA - NYSE:ATUS - US02156K1034 - Common Stock
2.69 USD
-0.02 (-0.74%)
2.73 USD
+0.04 (+1.49%)
Taking everything into account, ATUS scores 8 out of 10 in our technical rating. In the last year, ATUS was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ATUS is one of the better performing stocks in the Media industry, it outperforms 85% of 99 stocks in the same industry.
In the last month ATUS has a been trading in the 2.13 - 2.73 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ATUS has an average volume of 3863540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ATUS did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ATUS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ATUS is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ATUS has an excellent technical rating, it does not present a decent entry opportunity 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
2.08
3.05
We found 5 important support areas.
- A support zone ranging from 2.67 to 2.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 2.37 to 2.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.28 to 2.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.20 from a horizontal line in the daily time frame.
- A support zone ranging from 2.10 to 2.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @2.80 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 2.90 to 2.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.02 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 ATUS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATUS is up. |
| ChartMill Relative Strength | 83.86 | POSITIVE | ATUS has a high relative strength, it outperformed 83.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATUS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.85 | NEUTRAL | The RSI value for ATUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ATUS has a positive trend. |
| Stochastics (14,3) | 91.34 | OVERBOUGHT | The high Stochastics value suggests ATUS may be overbought. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for ATUS suggests high volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for ATUS 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)
2.69
-0.02 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.74%
1 Week12.55%
2 Weeks20.09%
1 Month18.5%
3 Month35.18%
6 Month0.37%
12 Month22.83%
2 Year-17.74%
3 Year-53.86%
5 Year-89.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%5.06%
ATR Inc-8.25%
Range Today0.06
ADR(20)0.13
ADR(20)%4.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.86
Mansfield-0.35
10 Day High2.74
10 Day Low2.13
20 Day High2.74
20 Day Low2.13
52 Week High3.2
52 Week Low1.95
CS1 End2.68
CR1 Start2.8
Volume & EV
DER(3)-2.26%
DER(5)0.94%
Volume7.37M
Volume Incr128.49%
Vol(5)6.22M
Vol(50)3.86M