ALTICE USA INC- A (ATUS) Stock Technical Analysis
NYSE:ATUS - New York Stock Exchange, Inc. - US02156K1034 - Common Stock - Currency: USD
Overall ATUS gets a technical rating of 0 out of 10. ATUS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ATUS is a bad performer in the overall market: 80% of all stocks are doing better.
ATUS has an average volume of 3654580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ATUS is part of the Media industry. There are 97 other stocks in this industry, ATUS did better than 44% of them.
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.
In the last month ATUS has a been trading in the 1.95 - 2.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, ATUS does present a nice setup opportunity. 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 2.13. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ATUS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.96
2.99
When analyzing the support we notice one important area.
- A support zone ranging from 1.98 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 2.13 to 2.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.39 from a trend line in the weekly time frame.
- Resistance @2.73 from a trend line in the daily time frame.
- Resistance @2.83 from a horizontal line in the daily time frame.
- Resistance @2.90 from a horizontal line in the daily time frame.
- Resistance @2.96 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 | DOWN | NEGATIVE | The long term trend for ATUS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATUS is down. |
| ChartMill Relative Strength | 20.01 | NEGATIVE | ATUS has a low relative strength, it was outperformed by 79.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATUS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATUS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ATUS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.33 | NEUTRAL | The RSI value for ATUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ATUS has a positive trend. |
| Stochastics (14,3) | 39.39 | NEUTRAL | The Stochastics value for ATUS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for ATUS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.84 | 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)
2.12
+0.03 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg1.44%
1 Week4.95%
2 Weeks-4.07%
1 Month-7.83%
3 Month-23.47%
6 Month-12.03%
12 Month3.92%
2 Year-29.8%
3 Year-77.08%
5 Year-90.59%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%4.95%
ATR Inc-10.11%
Range Today0.07
ADR(20)0.1
ADR(20)%4.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.01
Mansfield-1.57
10 Day High2.21
10 Day Low1.95
20 Day High2.39
20 Day Low1.95
52 Week High3.2
52 Week Low1.52
CS1 End1.98
CR1 Start2.13
Volume & EV
DER(3)11.24%
DER(5)6.95%
Volume2.77M
Volume Incr28.11%
Vol(5)3.46M
Vol(50)3.65M