ATRION Corporation Forecast and Stock Analysis
Technical ATRI stock analysis for March 15, 2019.
ATRION Corporation gained 1.53% in the last trading day, rising from $802.30 to $814.57 , 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. The price has been going up and down for this period, and there has been a 3.11% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 567 more shares were traded than the day before. In total, 12 495 shares bought and sold for approximately $10.18 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the ATRI stock was $814.57. This is 1.53% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 2.31% from a day low at $796.60 to a day high of $815.00.
30 day high of the ATRI stock price was $815.00 and low was $779.00.
90 day high was $815.00 and low was $671.05.
52 week high for the ATRION Corporation - $815.00 and low - $560.65.
ATRION Corporation lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.08% during the next 3 months and, with 90% probability hold a price between $905.11 and $976.47 at the end of this period.
Only positive signals in the chart today. ATRION Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $801.71 and $790.77. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $712.00 and $703.46.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ATRION Corporation finds support just below today's level at $712.00. If this is broken, then the next support from accumulated volume will be at $703.46 and $682.71.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $18.41 (2.31%) between high and low. For the last week, the stock has had a daily average volatility of 1.48%.
Our recommended stoploss: $774.61 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
ATRION Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.