ADAGIO THERAPEUTICS INC (ADGI) Technical Analysis
NASDAQ:ADGI • US00534A1025
Current stock price
ADGI Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to ADGI. In the past year, ADGI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- ADGI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ADGI is lagging the market.
- 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 long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When compared to the yearly performance of all other stocks, ADGI outperforms 60% of them, which is more or less in line with the market.
- ADGI is an average performer in the Biotechnology industry, it outperforms 53% of 518 stocks in the same industry.
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. We see reduced volatility while prices have been consolidating in the most recent period. 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
2 important support areas can be observed.
- 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.
Can you provide the RSI signal for ADAGIO THERAPEUTICS INC?
ADAGIO THERAPEUTICS INC (ADGI) has an RSI value of 58.5003. This indicates that the stock is currently neutral.
What is the short term momentum for ADAGIO THERAPEUTICS INC (ADGI) stock?
The short term momentum for ADAGIO THERAPEUTICS INC (ADGI) is positive.
What is the buy/sell signal for ADGI stock?
The buy/sell signal for ADAGIO THERAPEUTICS INC (ADGI) is hold as the short term and long term trends are mixed.