Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.


ANALOG DEVICES INC

171.47   +2.54 (+1.5%)

Nasdaq / Information Technology / Semiconductors & Semiconductor Equipment

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Technical Rating

8

We assign a technical rating of 8 out of 10 to ADI. Although ADI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
ADI is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ADI slightly outperforms the market at the moment.
In the last month ADI has a been trading in the 159.58 - 172.03 range, which is quite wide. It is currently trading near the high of this range.
ADI has an average volume of 3199200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ADI is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
ADI is part of the Semiconductors & Semiconductor Equipment industry. There are 107 other stocks in this industry, ADI did better than 66% of them.

Statistics

1 Month 3 Months 6 Months 12 Months 4.54% 18.84% -3.26% 6.48% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 85.39 133.48 - 180.01
ADI Weekly chart
ADI Daily chart

Support/Resistance Analysis


150.20

181.69
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 163.83 to 168.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 159.24 to 159.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @151.72 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
  • A resistance zone ranging from 171.91 to 172.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @179.89 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

10

Besides having an excellent technical rating, ADI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 171.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 168.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ADI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
172.99161.0411.95 (6.91%)14.47%
An entry @172.99. This is a Buy Stop order right above the resistance zone.An exit @161.03. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 11.95 points, which is 6.91%.When investing 14.47% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.