Altera Corp Stock Forecast
Altera Corp stock price ended at $83.18 on Thursday, after losing 0.330%.
(Updated on Apr 25, 2024)
The Altera Corp stock price fell by -0.330% on the last day (Thursday, 25th Apr 2024) from $83.45 to $83.18. During the last trading day the stock fluctuated 1.75% from a day low at $82.01 to a day high of $83.45. The price has fallen in 6 of the last 10 days and is down by -0.59% for this period. Volume has increased on the last day by 109 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 366 thousand shares were bought and sold for approximately $30.45 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 -6.87% during the next 3 months and, with a 90% probability hold a price between $70.90 and $80.91 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
The Altera Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $82.33 and $83.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.25%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Altera Corp stock
Altera Corp finds support from accumulated volume at $82.32 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 $1.43 (1.75%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: $79.69 (-4.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (ALTR) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Altera Corp to open at $82.88, and during the day (based on 14 day Average True Range), to move between $81.05 and $85.30, which gives a possible trading interval of +/-$2.12 (+/-2.55%) up or down from last closing price. If Altera Corp takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $82.32 (1.03%) than the resistance at $85.08 (2.29%), 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 AMC 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.369 Buy Candidate Unchanged
Predicted Opening Price for Altera Corp of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $82.88 ( 0.359%) | $83.18 |
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 | 84.31 | 1.37 % | |
| R2 | 83.76 | 0.708 % | ||
| R1 | 83.42 | 0.300 % | ||
| Current price: | 83.18 | |||
| Support | S1 | 82.33 | -1.02 % | |
| S2 | 81.99 | -1.42 % | ||
| S3 | 81.44 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.52 | 2.82 % | |
| R2 | 85.27 | 2.52 % | ||
| R1 | 85.08 | 2.29 % | ||
| Current price | 83.18 | |||
| Support | S1 | 82.32 | -1.03% | |
| S2 | 80.77 | -2.89% | ||
| S3 | 79.03 | -4.98% |
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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