ATKORE INC. - Daily - Technical analysis published on 05/21/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 74.28 USD
My targets
80.08 USD (+3.42%)
89.11 USD (+15.08%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 74.28 USD remains possible. It is advisable to trade ATKORE INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 74.28 USD. The next bullish objective for buyers is set at 80.08 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 89.11 USD. PS: if there is a bearish break in the support located at 74.28 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
0.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ATKORE INC. rating is 77.43 USD. The price registered an increase of +3.88% on the session and was between 75.54 USD and 78.31 USD. This implies that the price is at +2.50% from its lowest and at -1.12% from its highest.75.54
78.31
77.43
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this ATKORE INC. chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 43.22 | 61.44 | 74.28 | 77.43 | 80.08 | 89.11 |
| Change (%) | -44.18% | -20.65% | -4.07% | - | +3.42% | +15.08% |
| Change | -34.21 | -15.99 | -3.15 | - | +2.65 | +11.68 |
| Level | Major | Minor | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.54 | 71.35 | 72.94 | 74.75 | 76.34 | 78.15 | 79.74 |
| Camarilla | 73.61 | 73.92 | 74.23 | 74.54 | 74.85 | 75.16 | 75.48 |
| Woodie | 69.44 | 71.30 | 72.84 | 74.70 | 76.24 | 78.10 | 79.64 |
| Fibonacci | 71.35 | 72.65 | 73.45 | 74.75 | 76.05 | 76.85 | 78.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.25 | 73.42 | 77.75 | 83.92 | 88.25 | 94.42 | 98.75 |
| Camarilla | 79.20 | 80.17 | 81.13 | 82.09 | 83.05 | 84.02 | 84.98 |
| Woodie | 66.34 | 72.96 | 76.84 | 83.46 | 87.34 | 93.96 | 97.84 |
| Fibonacci | 73.42 | 77.43 | 79.91 | 83.92 | 87.93 | 90.41 | 94.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.60 | 63.63 | 70.95 | 75.98 | 83.30 | 88.33 | 95.65 |
| Camarilla | 74.88 | 76.02 | 77.15 | 78.28 | 79.41 | 80.54 | 81.68 |
| Woodie | 59.76 | 64.20 | 72.11 | 76.55 | 84.46 | 88.90 | 96.81 |
| Fibonacci | 63.63 | 68.34 | 71.26 | 75.98 | 80.69 | 83.61 | 88.33 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.76 | |
| MACD (12,26,9): | 1.0100 | |
| Directional Movement: | -11.20 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 81.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.38 | |
| Elder Ray (13): | -5.17 | |
| Super Trend (3,10): | 85.37 | |
| Zig ZAG (10): | 74.54 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 13.99 | |
| TEMA (21): | 79.52 | |
| Williams %R (14): | -73.45 | |
| Chande Momentum Oscillator (20): | -8.73 | |
| Repulse (5,40,3): | -0.7600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4200 | |
| Courbe Coppock: | 3.17 |
| MA7: | 79.06 | |
| MA20: | 81.16 | |
| MA50: | 75.61 | |
| MA100: | 65.63 | |
| MAexp7: | 78.48 | |
| MAexp20: | 79.67 | |
| MAexp50: | 75.12 | |
| MAexp100: | 66.39 | |
| Price / MA7: | -2.06% | |
| Price / MA20: | -4.60% | |
| Price / MA50: | +2.41% | |
| Price / MA100: | +17.98% | |
| Price / MAexp7: | -1.34% | |
| Price / MAexp20: | -2.81% | |
| Price / MAexp50: | +3.08% | |
| Price / MAexp100: | +16.63% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ATKORE INC. at the time of the analysis were as follows:
- Atkore Inc. Announces Pricing of Notes Offering
- Atkore Inc. Announces Intention To Offer Senior Notes
- Atkore Announces a Proposed Refinancing of Existing Senior Secured Term Loan
- Atkore Inc. Announces Second Quarter 2021 Results
- Atkore Inc. Announces Second Quarter Fiscal Year 2021 Earnings Release Date and Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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