Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
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.
150.20
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.
Given the decent technical rating and the setup score, we can suggest the following trade.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
172.99 | 161.04 | 11.95 (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%. |