ADAGENE INC-ADR (ADAG) Stock Technical Analysis
NASDAQ:ADAG - Nasdaq - US0053291078 - ADR - Currency: USD
Overall ADAG gets a technical rating of 3 out of 10. ADAG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
84% of all other stocks performed better in the past year than ADAG.
ADAG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
ADAG is part of the Biotechnology industry. There are 556 other stocks in this industry, ADAG did better than 49% of them.
In the last month ADAG has a been trading in the 1.60 - 2.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ADAG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
1.42
2.91
We found 2 important support areas.
- Support @1.68 from a horizontal line in the daily time frame.
- Support @1.43 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.86 to 1.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.96 to 1.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.06 from a horizontal line in the daily time frame.
- Resistance @2.88 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 | NEUTRAL | NEUTRAL | The long term trend for ADAG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADAG is neutral. |
| ChartMill Relative Strength | 16.71 | NEGATIVE | ADAG has a low relative strength, it was outperformed by 83.29% 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) | UP | MIXED | The current price of ADAG is below the rising 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) | 43.63 | NEUTRAL | The RSI value for ADAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ADAG has a negative trend. |
| Stochastics (14,3) | 37.93 | NEUTRAL | The Stochastics value for ADAG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.62 | HIGH VOLATILITY | The high ATR as a percentage value for ADAG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.81 | NEUTRAL | The ADX value for ADAG suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.75
+0.06 (+3.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.55%
1 Week-8.38%
2 Weeks-5.41%
1 Month-10.26%
3 Month14.38%
6 Month-4.89%
12 Month-30.28%
2 Year28.68%
3 Year3.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%8.62%
ATR Inc73.18%
Range Today0.16
ADR(20)0.15
ADR(20)%8.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.71
Mansfield-2.32
10 Day High2
10 Day Low1.6
20 Day High2.1
20 Day Low1.6
52 Week High3.58
52 Week Low1.33
CS1 End1.68
CR1 Start1.86
Volume & EV
DER(3)-1.37%
DER(5)-7.39%
Volume47.90K
Volume Incr400.92%
Vol(5)256.62K
Vol(50)78.56K