ALTICE USA INC- A (ATUS) Stock Technical Analysis
NYSE:ATUS • US02156K1034
We assign a technical rating of 0 out of 10 to ATUS. ATUS'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 89% of all other stocks performed better in the past year than ATUS.
- ATUS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ATUS has a been trading in the 1.74 - 2.32 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ATUS has an average volume of 3915700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ATUS is an average performer in the Media industry, it outperforms 43% of 91 stocks in the same industry.
The technical rating of ATUS 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
1.74
We found 1 important support area.
- A support zone ranging from 1.76 to 1.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 1.91 to 1.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.18 to 2.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.55 to 2.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.90 from a horizontal line in the daily time frame.
- Resistance @3.00 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 | 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 | 11.16 | NEGATIVE | ATUS has a low relative strength, it was outperformed by 88.84% 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) | 30.12 | NEUTRAL | The RSI value for ATUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ATUS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.23 | OVERSOLD | The low Stochastics value suggests ATUS may be oversold. |
| Average True Range in percent/ATR (20) | 6.84 | HIGH VOLATILITY | The high ATR as a percentage value for ATUS suggests high volalility. |
| Average Directional Index/ADX (14) | 28.88 | POSITIVE | The high ADX value value for ATUS suggests a strong trend. |
1.79
+0.02 (+1.13%)
ALTICE USA INC- A / ATUS FAQ
What is the technical rating for ATUS stock?
ChartMill assigns a technical rating of 0 / 10 to ATUS.
Can you provide the trend direction for ALTICE USA INC- A?
The current trend direction for ALTICE USA INC- A (ATUS) is Bearish.
Can you provide the RSI signal for ALTICE USA INC- A?
ALTICE USA INC- A (ATUS) has an RSI value of 30.1227. This indicates that the stock is currently neutral.
What is the buy/sell signal for ATUS stock?
The buy/sell signal for ALTICE USA INC- A (ATUS) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ALTICE USA INC- A?
ALTICE USA INC- A (ATUS) has a support level at 1.77 and a resistance level at 1.91. Check the full technical report for our detailed analysis of ATUS support and resistance levels.