ADAGENE INC-ADR (ADAG) Stock Technical Analysis
USA - NASDAQ:ADAG - US0053291078 - ADR
We assign a technical rating of 0 out of 10 to ADAG. ADAG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of ADAG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.39
4 important resistance areas can be observed.
- A resistance zone ranging from 1.83 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.91 from a horizontal line in the daily time frame.
- Resistance @2.14 from a trend line in the weekly time frame.
- Resistance @2.23 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for ADAG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADAG is down. |
| ChartMill Relative Strength | 5.78 | NEGATIVE | ADAG has a low relative strength, it was outperformed by 94.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADAG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ADAG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADAG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.98 | NEUTRAL | The RSI value for ADAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ADAG has a negative trend. |
| Stochastics (14,3) | 19.38 | OVERSOLD | The low Stochastics value suggests ADAG may be oversold. |
| Average True Range in percent/ATR (20) | 11.12 | HIGH VOLATILITY | The high ATR as a percentage value for ADAG suggests high volalility. |
| Average Directional Index/ADX (14) | 15.08 | NEGATIVE | The low ADX value for ADAG suggests a weak or negative trend. |
1.405
-0.21 (-12.73%)
ADAGENE INC-ADR / ADAG FAQ
What is the technical rating for ADAG stock?
ChartMill assigns a technical rating of 0 / 10 to ADAG.
What is the current trend direction of ADAGENE INC-ADR (ADAG) stock?
The current trend direction for ADAGENE INC-ADR (ADAG) is Bearish.
What is the RSI signal for ADAG stock?
ADAGENE INC-ADR (ADAG) has an RSI value of 30.9824. This indicates that the stock is currently neutral.
What is the buy/sell signal for ADAG stock?
The buy/sell signal for ADAGENE INC-ADR (ADAG) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for ADAGENE INC-ADR (ADAG) stock?
ADAGENE INC-ADR (ADAG) has a resistance level at 1.83. Check the full technical report for our detailed analysis of ADAG support and resistance levels.