Altera Corp Stock Forecast
Stronger technical forecast for Altera Corp stock price after Thursday trading.
(Updated on Apr 18, 2024)
The Altera Corp stock price gained 0.261% on the last trading day (Thursday, 18th Apr 2024), rising from $80.56 to $80.77. During the last trading day the stock fluctuated 3.44% from a day low at $80.05 to a day high of $82.80. The price has been going up and down for this period, and there has been a -3.22% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 349 thousand more shares were traded than the day before. In total, 551 thousand shares were bought and sold for approximately $44.51 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.62% during the next 3 months and, with a 90% probability hold a price between $71.65 and $81.76 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ALTR Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.261%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Altera Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $81.63 and $83.26. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Altera Corp stock
Altera Corp finds support from accumulated volume at $80.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.75 (3.44%) between high and low. For the last week, the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: $75.70 (-6.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ALTR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Altera Corp to open at $81.21, and during the day (based on 14 day Average True Range), to move between $78.48 and $83.06, which gives a possible trading interval of +/-$2.29 (+/-2.84%) up or down from last closing price. If Altera Corp takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $80.62 (0.19%) than the resistance at $85.08 (5.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Altera Corp stock A Buy?
Altera Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.883 Hold/Accumulate Upgraded
Predicted Opening Price for Altera Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $81.21 ( 0.541%) | $80.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALTR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.96 | 3.95 % | |
| R2 | 82.91 | 2.64 % | ||
| R1 | 82.26 | 1.84 % | ||
| Current price: | 80.77 | |||
| Support | S1 | 80.16 | -0.760 % | |
| S2 | 79.51 | -1.56 % | ||
| S3 | 78.46 | -2.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.52 | 5.88 % | |
| R2 | 85.27 | 5.57 % | ||
| R1 | 85.08 | 5.34 % | ||
| Current price | 80.77 | |||
| Support | S1 | 80.62 | -0.186% | |
| S2 | 80.28 | -0.607% | ||
| S3 | 79.03 | -2.15% |
ALTR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 22, 2015 | Nov 06, 2015 | Dec 01, 2015 | $0.180 | 0% |
| 2 | Jul 23, 2015 | Aug 06, 2015 | Sep 01, 2015 | $0.180 | 0% |
| 3 | Apr 23, 2015 | May 07, 2015 | Jun 01, 2015 | $0.180 | 0% |
| 4 | Jan 22, 2015 | Feb 06, 2015 | Mar 02, 2015 | $0.180 | 0% |
| 5 | Oct 23, 2014 | Nov 06, 2014 | Dec 01, 2014 | $0.180 | 0% |
FAQ
Click here for our free guide on how to buy Altera Corp Stock.
