Altus Midstream Company (ALTM) Short-Term Signal Update Points to Buy

Altus Midstream Company (ALTM) is in focus today as we drill down into the near-term signals for the stock. We note that the current 7-day average directional indicator is Buy.

This signal may be used to determine the market trend. The 7-day directional strength is Minimum . This trend strength indicator measures the signal based on historical performance where minimum would represent the weakest, and maximum would indicate the strongest. The 7-day average directional direction is currently Strongest. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell.

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Shifting gears, we can see that the 10-day moving average Hilo channel is currently Hold. This indicator calculates the moving average based on highs/lows rather than the closing price. The direction of the signal is currently Bullish.

Looking at some other short-term indicators, Altus Midstream Company (ALTM) has a 20-day moving average vs price of Buy. This is the signal from the 20-day MA which is used to monitor changes in stock price. The current signal strength is Minimum and the direction has been noted as Strengthening. The 20-50 day MACD Oscillator signal is presently Buy. The strength is presently Minimum and the direction is Strengthening.

Focusing in on the 20-Day Bollinger Bands signal for Altus Midstream Company (ALTM), the current reading is Hold. This short-term indicator may be used to help spot oversold and overbought conditions.

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