Wednesday May 22, 2019 Change 1.47% Price $37.30
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will ALTR stock price go up or down on Thu, 23 May 2019?

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Altera Corp Forecast and Stock Analysis

Technical ALTR stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-21 Gain 1.47%
Shorts n/a
Insider % n/a
Institutional % 55.20%
Beta 1.59
ROA 0.51%
Price to book USD 8.66
P/E Ratio 240.80
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.

Quick summary:

  • 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.

Trend

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.

Click here for today's Top 5 Trending Companies

Signals

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.

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Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Altera Corp finds support from accumulated volume at $35.99.

Support: $35.99 Price: $37.30 Resistance: $38.03

Risk

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

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today ALTR ranks #1194 as BUY CANDIDATE #1194 Stronger Buy
ALTR $37.30 ($0.54 1.47%)
ALTR is up $0.54 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for ALTR based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will ALTR stock price go up or down
on Thu, 23 May 2019?

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