ADAMAS TRUST INC (ADAM) Technical Analysis
NASDAQ:ADAM • US6496048405
Taking everything into account, ADAM scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ADAM is a bad performer.
- When comparing the yearly performance of all stocks, ADAM is a bad performer in the overall market: 100% of all stocks are doing better.
- ADAM is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 85% of 68 stocks in the same industry do better.
- In the last month ADAM has a been trading in the 7.67 - 8.55 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ADAM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 8.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.98, a Stop Loss order could be placed below this zone.
More info and screens
7.06
We found 2 important support areas.
- A support zone ranging from 7.79 to 7.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.12 to 8.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | UP | POSITIVE | The long term trend for ADAM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADAM is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ADAM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ADAM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADAM is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 46.07 | NEUTRAL | The RSI value for ADAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ADAM has a negative trend. |
| Stochastics (14,3) | 48.41 | NEUTRAL | The Stochastics value for ADAM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for ADAM suggests some volalility. |
| Average Directional Index/ADX (14) | 13.54 | NEGATIVE | The low ADX value for ADAM suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.30 | 7.78 | 0.52 (6.27%) | 15.96% |
| An entry @8.30. This is a Buy Stop order right above the resistance zone. | An exit @7.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 6.27%. | For a 1.00% total portfolio risk, you can invest 15.96% of your capital in this trade. |
- 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.
ADAM Technicals: Chart, Performance Metrics, Trend & Indicators
8.06
+0.07 (+0.88%)
ADAMAS TRUST INC / ADAM FAQ
What is the ChartMill technical rating of ADAMAS TRUST INC (ADAM) stock?
ChartMill assigns a technical rating of 6 / 10 to ADAM.
What is the trend direction for ADAM stock?
The current trend direction for ADAMAS TRUST INC (ADAM) is Bullish.
What is the RSI signal for ADAMAS TRUST INC (ADAM) stock?
ADAMAS TRUST INC (ADAM) has an RSI value of 46.0674. This indicates that the stock is currently neutral.
What is the support and resistance level for ADAM stock?
ADAMAS TRUST INC (ADAM) has a support level at 7.98 and a resistance level at 8.12. Check the full technical report for our detailed analysis of ADAM support and resistance levels.