Altera Corp Forecast and Stock Analysis
Technical ALTR stock analysis for Wednesday May 22, 2019.
|Price to book||USD 8.66|
|Next Earnings Date||2019-08-11|
Altera Corp gained 1.47% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $36.76 to $37.30 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 3.51% from a day low at $36.45 to a day high of $37.73. The price has been going up and down for this period, and there has been a -0.61% loss for the last 2 weeks. Volume fell in the last day by -110 131 shares, and in total, 277 198 shares bought and sold for approximately $10.34 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the ALTR stock price was $39.54 and low was $33.64.
- 90 day high was $39.95 and low was $32.67.
- 52 week high for the Altera Corp - $43.99 and low - $25.28.
Given the current horizontal trend you can expect Altera Corp with 90% probability to be traded between $34.48 and $40.17 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Altera Corp holds buy signals from both short- and long-term moving averages, 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 $36.05 and $37.12. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
Altera Corp finds support from accumulated volume at $35.99.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.28 between high and low, or 3.51%. For the last week, the stock has had a daily average volatility of 3.15%.
Our recommended stoploss: $35.76 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
3.15 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.
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|ALTR $37.30 ($0.54 1.47%)|
ALTR is up $0.54 today, but where's it headed in 2019?
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