Shareholder returns and stock trends
Altera (ALTR) generated investor returns of 39.56% in the trailing 12-month period and 3.41% in the trailing one-month period. In comparison, it generated 15.89% in 2014 and 36.09% YTD (year-to-date). The company’s share price decreased 0.08% in the trailing five-day period.
On September 25, 2015, Altera closed the trading day at $50.27. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 1.66% above its 100-day moving average of $49.43
- 1.57% above its 50-day moving average of $49.48
- 0.74% above its 20-day moving average of $49.90
Moving average convergence divergence and the relative strength index
The MACD (moving average convergence divergence) is the difference between the short-term and long-term moving averages of a company. Altera’s 14-day MACD is 0.31. This positive figure indicates an upward trend.
The company’s 14-day RSI (relative strength index) is 57, which shows that the stock is slightly overbought. Generally, if the RSI is above 70, it indicates that a stock is overbought. An RSI figure of below 30 suggests that a stock has been oversold.
Out of 24 analysts covering the stock, one has a “buy” recommendation on it, three have a “sell” recommendation, and 20 recommend a “hold.” The analyst stock price target for the company is $50.60 with a median target estimate of $54. Altera is trading at a discount of 7% to median analyst estimates.