ADIT EDTECH ACQ -CW27 (ADE.W) Stock Technical Analysis
NYSE:ADE.W - New York Stock Exchange, Inc. -
We assign a technical rating of 7 out of 10 to ADE.W. In the past year, ADE.W was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Besides having an excellent technical rating, ADE.W also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ADE.W in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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0.04
2 important support areas can be observed.
- A support zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.04 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.11 from a trend line in the daily time frame.
- Resistance @0.13 from a horizontal 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 ADE.W is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADE.W is neutral. |
| ChartMill Relative Strength | 96.86 | POSITIVE | ADE.W has a high relative strength, it outperformed 96.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADE.W is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADE.W is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADE.W is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.95 | NEUTRAL | The RSI value for ADE.W is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ADE.W has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.7 | NEUTRAL | The Stochastics value for ADE.W is a neutral value. |
| Average True Range in percent/ATR (20) | 34.45 | HIGH VOLATILITY | The high ATR as a percentage value for ADE.W suggests high volalility. |
| Average Directional Index/ADX (14) | 23.6 | NEUTRAL | The ADX value for ADE.W suggests a possible start of a new 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 |
|---|---|---|---|
| 0.12 | 0.06 | 0.06 (50.00%) | 2.00% |
| An entry @0.12. This is a Buy Stop order right above the resistance zone. | An exit @0.06. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 50.00%. | When investing 2.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NYSE:ADE.W (12/29/2023, 8:18:45 PM)
0.084
+0.03 (+52.73%)