ADAGIO THERAPEUTICS INC (ADGI) Technical Analysis
NASDAQ:ADGI • US00534A1025
Current stock price
ADGI Technical Rating and Analysis
Taking everything into account, ADGI scores 6 out of 10 in our technical rating. ADGI has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- ADGI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- ADGI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When comparing the performance of all stocks over the past year, ADGI turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- ADGI is part of the Biotechnology industry. There are 516 other stocks in this industry, ADGI did better than 54% of them.
ADGI Weekly and Daily overview Charts
ADGI Setup Rating and Analysis
ADGI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.71. Right above this resistance zone may be a good entry point. 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
ADGI Support and Resistance Analysis
4.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.47 to 4.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.23 to 4.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 4.71 to 4.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
ADGI 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 | DOWN | NEGATIVE | The long term trend for ADGI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADGI is up. |
| ChartMill Relative Strength | 60.44 | NEUTRAL | ADGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADGI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.5 | NEUTRAL | The RSI value for ADGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ADGI has a negative trend. |
| Stochastics (14,3) | 72.96 | NEUTRAL | The Stochastics value for ADGI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.63 | HIGH VOLATILITY | The high ATR as a percentage value for ADGI suggests high volalility. |
| Average Directional Index/ADX (14) | 26.81 | POSITIVE | The high ADX value value for ADGI suggests a strong trend. |
ADGI Chart- and CandleStick Pattern Analysis
ADGI Example Setup
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 |
|---|---|---|---|
| 4.80 | 4.46 | 0.34 (7.08%) | 14.12% |
| An entry @4.80. This is a Buy Stop order right above the resistance zone. | An exit @4.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.34 points, which is 7.08%. | When investing 14.12% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ADGI. Please evaluate whether better entry and exit points can be found.
- 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.
ADGI Technicals: Chart, Performance Metrics, Trend & Indicators
4.64
+0.04 (+0.87%)
ADAGIO THERAPEUTICS INC / ADGI TA FAQ
Can you provide the ChartMill technical rating for ADAGIO THERAPEUTICS INC?
ChartMill assigns a technical rating of 6 / 10 to ADGI.
What is the trend direction for ADGI stock?
The current trend direction for ADAGIO THERAPEUTICS INC (ADGI) is Bearish.
What is the RSI signal for ADGI stock?
ADAGIO THERAPEUTICS INC (ADGI) has an RSI value of 58.5003. This indicates that the stock is currently neutral.
What is the MACD signal for ADGI stock?
The MACD indicator for ADAGIO THERAPEUTICS INC (ADGI) has a value of -0.0138587, indicating a bearish trend.
What is the short term momentum for ADAGIO THERAPEUTICS INC (ADGI) stock?
The short term momentum for ADAGIO THERAPEUTICS INC (ADGI) is positive.