Atkore Stock Technical Analysis

ATKR -  USA Stock  

USD 71.25  0.66  0.92%

As of the 27th of July, Atkore shows the mean deviation of 1.86, and Risk Adjusted Performance of (0.016413). Atkore Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for Atkore Inc, which can be compared to its rivals. Please confirm Atkore Inc information ratio, as well as the relationship between the potential upside and kurtosis to decide if Atkore Inc is priced correctly, providing market reflects its regular price of 71.25 per share. Given that Atkore has jensen alpha of (0.17), we suggest you to validate Atkore Inc's prevailing market performance to make sure the company can sustain itself at a future point.

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Atkore Analyst Consensus

Target PriceAdvice# of Analysts
68.0Buy2Odds
Atkore Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Atkore analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Atkore stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Atkore Inc, talking to its executives and customers, or listening to Atkore conference calls.
Atkore Analyst Advice Details
Atkore technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Atkore technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Atkore trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Atkore Inc Technical Analysis

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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Atkore Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Atkore Inc Trend Analysis

Use this graph to draw trend lines for Atkore Inc. You can use it to identify possible trend reversals for Atkore as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Atkore price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Atkore Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Atkore Inc applied against its price change over selected period. The best fit line has a slop of   -0.28  , which may suggest that Atkore Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2911.01, which is the sum of squared deviations for the predicted Atkore price change compared to its average price change.

About Atkore Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Atkore Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Atkore Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Atkore Inc stock first instead of the macroeconomic environment surrounding Atkore Inc. By analyzing Atkore's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Atkore's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Atkore specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2018 2019 2020 2021 (projected)
Long Term Debt to Equity3.632.121.912.24
Interest Coverage4.435.985.385.81

Atkore July 27, 2021 Technical Indicators

Most technical analysis of Atkore help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Atkore from various momentum indicators to cycle indicators. When you analyze Atkore charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Atkore July 27, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Atkore stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please continue to Trending Equities. Note that the Atkore Inc information on this page should be used as a complementary analysis to other Atkore's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Atkore Stock analysis

When running Atkore Inc price analysis, check to measure Atkore's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atkore is operating at the current time. Most of Atkore's value examination focuses on studying past and present price action to predict the probability of Atkore's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Atkore's price. Additionally, you may evaluate how the addition of Atkore to your portfolios can decrease your overall portfolio volatility.
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The market value of Atkore Inc is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore's value that differs from its market value or its book value, called intrinsic value, which is Atkore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atkore's market value can be influenced by many factors that don't directly affect Atkore Inc underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atkore's value and its price as these two are different measures arrived at by different means. Investors typically determine Atkore value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.