Altair Engineering Inc. ($ALTR) Takes On Take-Two Interactive Software, Inc. ($TTWO)

2019-08-20 | Welcome! Today we compared how two different stocks in the Computer Software: Prepackaged Software industry are trading: Altair Engineering Inc. and Take-Two Interactive Software, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Altair Engineering Inc. opened at 34.23, got to a maximum price of 34.92 and dropped to as low as 34.0 before finishing the session at 34.89. In total there were 260500 shares traded, which is enough to conduct our analysis. Compare that now to Take-Two Interactive Software, Inc., which opened at 126.67, had a high of 127.62, a low of 125.9, closed at 127.2 and had a total volume of 1488500.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Altair Engineering Inc. Take-Two Interactive Software, Inc.
Accumulation-distribution index 204.775 725.59094
on-balance volume -34.0 -126.16
chaikin money flow

1.66667 2.62105
force index

0.1027 0.4312
ease of movement rating

0.00438 0.00135
volume-price trend

-3.45121 22.16361
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Altair Engineering Inc. Take-Two Interactive Software, Inc.
Average true range 0.74166 1.44597
Bolinger bands 34.53024 126.23826
Upper bollinger band 32.88976 125.19174
Lower bollinger band

34.0 125.9
Bollinger high band indicator

nan nan
Bollinger high low indicator

1.0 1.0
Central keltner channel

34.38333 126.73
High band keltner channel

33.69333 125.78
Low band keltner channel

35.07333 127.68
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

34.0 125.9
Donchain channel low band

34.0 125.9
Donchain channel high band indicator

1.0 nan
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Altair Engineering Inc. Take-Two Interactive Software, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.0083
MACD signal -0.00723 -0.00461
MACD difference -0.00578 -0.00369
fast Exponential Moving Average (EMA) indicator

34.0 125.9
slow Exponential Moving Average (EMA) indicator

34.0 125.9
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.17817 0.05113
trix

-9.0492 10.9534
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

3.74891 -18.73723
KST Oscillator (KST)

-99.31181 174.84835
KST Oscillator (KST Signal)

-99.31181 174.84835
KST difference

-3.84117 -0.86317
Ichimoku rating

34.575 127.145
Ichimoku B rating

34.575 127.145
Ichimoku visual trend A

38.3381 111.89831
Ichimoku visual trend B

38.1696 116.62736
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Altair Engineering Inc. Take-Two Interactive Software, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 33.08194 100.0
True Strength Index (TSI) -100.0 100.0
ultimate oscillator

-32.52133 96.05275
stochastic oscillator

133.33333 181.05263
stochastic oscillator signal

133.33333 181.05263
Williams %R rating

33.33333 81.05263
awesome oscillator

0.15592 0.20019

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Altair Engineering Inc. and Take-Two Interactive Software, Inc..

Daily return -9.93118 17.48484
Daily log return -1.7206 -0.29432
Cumulative return -1.70588 -0.29388

So there you have it: our deep, grueling analysis comparing Altair Engineering Inc. and Take-Two Interactive Software, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Altair Engineering Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether ALTR is strong or weak. Again – this is not a reliable indication of whether Altair Engineering Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Take-Two Interactive Software, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

Leave a Reply

Your email address will not be published. Required fields are marked *