Logo image of ALTR

ALTAIR ENGINEERING INC - A (ALTR) Stock Technical Analysis

NASDAQ:ALTR - Nasdaq - US0213691035 - Common Stock - Currency: USD

110.34  -0.03 (-0.03%)

Technical Rating and Analysis

9

Overall ALTR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALTR is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ALTR did better than 77% of all other stocks. We also observe that the gains produced by ALTR over the past year are nicely spread over this period.
ALTR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
ALTR is an average performer in the Software industry, it outperforms 58% of 283 stocks in the same industry.
In the last month ALTR has a been trading in a tight range between 109.94 and 110.94.

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Weekly and Daily overview Charts
ALTAIR ENGINEERING INC - A / ALTR Weekly stock chart
ALTAIR ENGINEERING INC - A / ALTR Daily stock chart
Setup Rating and Analysis

8

ALTR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 110.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 110.34, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

87.17

111.78

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 107.99 to 110.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @103.65 from a horizontal line in the daily time frame.
  • Support @88.05 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 110.34 to 110.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.91
Mansfield0.7
10 Day High110.73
10 Day Low110.11
20 Day High110.94
20 Day Low109.94
52 Week High113.12
52 Week Low75.71
Performance
1 Week-0.07%
2 Weeks0.05%
1 Month0.2%
3 Month6.38%
6 Month20.82%
12 Month22%
2 Year72.29%
3 Year66.17%
5 Year217.16%
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.15
RSI(14)61.49
LBB110.22
UBB110.59

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
110.68110.100.58 (0.52%)25.00%
An entry @110.68. This is a Buy Stop order right above the resistance zone.An exit @110.10. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.58 points, which is 0.52%.For a 0.13% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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ALTAIR ENGINEERING INC - A / ALTR Daily stock chart

ALTAIR ENGINEERING INC - A

NASDAQ:ALTR (2/12/2025, 10:26:18 AM)

110.34

-0.03 (-0.03%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.03%
1 Week-0.07%
2 Weeks0.05%
1 Month0.2%
3 Month6.38%
6 Month20.82%
12 Month22%
2 Year72.29%
3 Year66.17%
5 Year217.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%0.33%
ATR Inc-35.14%
Range Today0.16
ADR(20)0.35
ADR(20)%0.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.91
Mansfield0.7
10 Day High110.73
10 Day Low110.11
20 Day High110.94
20 Day Low109.94
52 Week High113.12
52 Week Low75.71
CS1 End110.34
CR1 Start110.39
Volume & EV
DER(3)-5.43%
DER(5)-3.16%
Volume113.97K
Volume Incr-32.5%
Vol(5)596.18K
Vol(50)765.37K