Question 1

What implications does the 10-day RSI indicator have for ALTR?

Accepted Answer

The RSI Indicator for ALTR moved out of oversold territory on August 07, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 20 similar instances when the indicator left oversold territory. In 18 of the 20 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about ALTR's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did ALTR's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 08, 2024. You may want to consider a long position or call options on ALTR as a result. In 62 of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for ALTR?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for ALTR just turned positive on August 09, 2024. Looking at past instances where ALTR's MACD turned positive, the stock continued to rise in 32 of 45 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for ALTR?

Accepted Answer

Following a +2.49% 3-day Advance, the price is estimated to grow further. Considering data from situations where ALTR advanced for three days, in 245 of 340 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for ALTR's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ALTR declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 7

How does the Aroon Indicator reflect on ALTR's trend?

Accepted Answer

The Aroon Indicator for ALTR entered a downward trend on August 13, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ALTR Stock Altair Engineering (ALTR, $86.09) price moved above its 50-day Moving Average on May 07, 2024

ALTR's RSI Indicator ascending out of oversold territory

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