Stock Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Altair Engineering Inc. - Class A (NASDAQ:ALTR)
Bear Market Rally (-75) - ALTR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ALTR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ALTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALTR
The long-term trend has been DOWN since Aug 4th, 2023 at 65.560
The intermediate-term trend has been UP since Nov 6th, 2023 at 66.070
The short-term trend has been DOWN since Dec 4th, 2023 at 71.535
Smart Scan Analysis for ALTR
Based on our trend formula, ALTR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||43.99||Year High Date||2018-10-01|
|Year Low||23.77||Year Low Date||2018-01-02|
|52wk High||78.4899||52wk High Date||2023-06-13|
|52wk Low||43.6772||52wk Low Date||2022-12-27|
|Average Volume||337,777||Shares Outstanding||81,662|