AD Technical Analysis - ARRAY DIGITAL INFRASTRUCTURE

Technical Rating and Analysis

Overall AD gets a technical rating of 3 out of 10. AD performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

100% of all other stocks performed better in the past year than AD.

AD is one of the lesser performing stocks in the Wireless Telecommunication Services industry. 95% of 22 stocks in the same industry do better.

In the last month AD has a been trading in the 47.88 - 56.53 range, which is quite wide. It is currently trading near the lows of this range.

Both the short term and long term trends are positive. This is a very positive sign.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ARRAY DIGITAL INFRASTRUCTURE / AD Weekly stock chart

ARRAY DIGITAL INFRASTRUCTURE / AD Daily stock chart

Setup Rating and Analysis

The technical rating of AD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

47.86

52.53

We found 1 important resistance area.

A resistance zone ranging from 51.32 to 52.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for AD is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AD is up.
ChartMill Relative Strength	0	NEGATIVE	AD has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AD is below a declining SMA(20).
Relative Strength Index/RSI (14)	11.71	OVERSOLD	The low RSI value suggests AD may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.27	NEGATIVE	The MACD value suggests AD has a negative trend, although the MACD value is rising.
Stochastics (14,3)	7.12	OVERSOLD	The low Stochastics value suggests AD may be oversold.
Average True Range in percent/ATR (20)	2.51	MEDIUM VOLATILITY	The ATR as a percentage value for AD suggests some volalility.
Average Directional Index/ADX (14)	64.39	POSITIVE	The high ADX value value for AD suggests a strong trend.