Altera Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for Altera Corp
(Updated on May 01, 2024)
The Altera Corp stock price gained 1.19% on the last trading day (Wednesday, 1st May 2024), rising from $80.45 to $81.41. During the last trading day the stock fluctuated 3.51% from a day low at $79.84 to a day high of $82.64. The price has been going up and down for this period, and there has been a 1.06% gain for the last 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 420 thousand shares were bought and sold for approximately $34.21 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -7.77% during the next 3 months and, with a 90% probability hold a price between $69.48 and $77.07 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ALTR Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $82.62 and $83.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -6.21%. Further fall is indicated until a new bottom pivot has been found. 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 $80.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.81 between high and low, or 3.51%. For the last week the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALTR) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Altera Corp to open at $81.30, and during the day (based on 14 day Average True Range), to move between $79.25 and $83.57, which gives a possible trading interval of +/-$2.16 (+/-2.65%) up or down from last closing price. If Altera Corp takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $80.77 (0.79%) than the resistance at $82.46 (1.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Altera Corp will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.350. We will update the financials statements for Altera Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.29% in the first trading day after earnings release.
Is Altera Corp stock A Buy?
Altera Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.907 Sell Candidate Unchanged
Predicted Opening Price for Altera Corp of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $81.30 ( 0.141%) | $81.41 |
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 | 84.10 | 3.30 % | |
| R2 | 83.03 | 1.99 % | ||
| R1 | 82.37 | 1.17 % | ||
| Current price: | 81.41 | |||
| Support | S1 | 80.22 | -1.46 % | |
| S2 | 79.56 | -2.27 % | ||
| S3 | 78.49 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.52 | 5.05 % | |
| R2 | 85.27 | 4.74 % | ||
| R1 | 82.46 | 1.29 % | ||
| Current price | 81.41 | |||
| Support | S1 | 80.77 | -0.786% | |
| S2 | 80.45 | -1.18% | ||
| S3 | 79.03 | -2.92% |
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
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