RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ALTR
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Altera Corp stock price down 0.139% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Gain 1.20% PDF

The Altera Corp stock price fell by -0.139% on the last day (Thursday, 28th Mar 2024) from $86.27 to $86.15. During the last trading day the stock fluctuated 1.04% from a day low at $85.66 to a day high of $86.55. The price has risen in 6 of the last 10 days and is up by 5.6% over the past 2 weeks. Volume has increased on the last day by 211 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, 531 thousand shares were bought and sold for approximately $45.72 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Altera Corp stock with a 90% probability to be traded between $77.33 and $92.96 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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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 $85.21 and $85.27. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.749%. Further fall is indicated until a new bottom pivot has been found. 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 $85.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.89 between high and low, or 1.04%. For the last week, the stock has had daily average volatility of 2.36%.

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 Monday 1st

For the upcoming trading day on Monday, 1st we expect Altera Corp to open at $86.12, and during the day (based on 14 day Average True Range), to move between $83.79 and $88.51, which gives a possible trading interval of +/-$2.36 (+/-2.74%) up or down from last closing price. If Altera Corp takes out the full calculated possible swing range there will be an estimated 5.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $85.52 (0.73%) than the resistance at $86.80 (0.75%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.079 Sell Candidate Unchanged

Predicted Opening Price for Altera Corp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$86.12 ( 0.0348%) $86.15

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 87.01 1.00 %
R2 86.67 0.604 %
R1 86.46 0.360 %
Current price: 86.15
Support S1 85.78 -0.429 %
S2 85.57 -0.673 %
S3 85.23 -1.07 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 89.86 4.31 %
R2 88.12 2.29 %
R1 86.80 0.754 %
Current price 86.15
Support S1 85.52 -0.731%
S2 85.27 -1.02%
S3 85.08 -1.24%

ALTR Dividend Payout History


# Declaration Date 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

What is the symbol for Altera Corp Stock and on which exchange is it traded?
The symbol for Altera Corp is ALTR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Altera Corp Stock?
Altera Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Altera Corp Stock?
Altera Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Altera Corp Stock.

What's the current price of Altera Corp Stock?
As of the end of day on the 2024-03-28, the price of an Altera Corp (ALTR) share was $86.15.

What is the 52-week high and low for Altera Corp Stock?
The 52-week high for Altera Corp Stock is $92.92 and the 52-week low is $57.59.

What is the market capitalization of Altera Corp Stock?
As of the 2024-03-28, the market capitalization of Altera Corp is 7.106B.

When is the next earnings date for Altera Corp?
The upcoming earnings date for Altera Corp is May 02, 2024.
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About Altera Corp

Altera Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and vis... ALTR Profile

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