Altair Engineering (ALTR, $68.21) Moving Average Convergence Divergence (MACD) Histogram turned negative on March 22, 2023

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A.I.dvisor
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03/23/23
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ALTR - Altair Engineering
MACD signal
Bearish Trend
76%
Odds of DOWN Trend
MACD signal
Price: $68.21
Daily change: -$1.28 (-1.84%)
Daily volume: 342K
Industry: Packaged Software
This is a Bearish indicator signaling ALTR's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 41 similar cases where ALTR's MACD histogram became negative, and of them led to successful outcomes. Odds of Success:
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General Information

a provider of software solutions for product design and development applications

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
1820 East Big Beaver Road
Phone
+1 248 614-2400
Employees
3200
Web
https://www.altair.com
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ALTR and

Correlation & Price change

A.I.dvisor indicates that over the last year, ALTR has been closely correlated with ANSS. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if ALTR jumps, then ANSS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ALTR
1D Price
Change %
ALTR100%
-0.51%
ANSS - ALTR
73%
Closely correlated
+0.54%
INTU - ALTR
70%
Closely correlated
+1.98%
SNPS - ALTR
67%
Closely correlated
-1.14%
GWRE - ALTR
66%
Loosely correlated
-14.43%
SQ - ALTR
64%
Loosely correlated
+3.19%
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