ADAGIO THERAPEUTICS INC (ADGI)
US00534A1025 - Common Stock
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. 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 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 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 68% of 588 stocks in the same industry.
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
4.19
4.84
We found 2 important support 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.44
Mansfield-5.31
10 Day High4.84
10 Day Low4.4
20 Day High4.9
20 Day Low3.75
52 Week High78.82
52 Week Low2.41
Performance
1 Week-2.93%
2 Weeks1.09%
1 Month16.29%
3 Month70.59%
6 Month-6.64%
12 Month-90.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)58.5
LBB4.45
UBB4.78
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%. | For a 1.00% total portfolio risk, you can invest 14.12% of your capital in this trade. |
- 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.
ADAGIO THERAPEUTICS INC
NASDAQ:ADGI (9/12/2022, 7:13:11 PM)
After market: 4.52 -0.12 (-2.59%)4.64
+0.04 (+0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.87%
1 Week-2.93%
2 Weeks1.09%
1 Month16.29%
3 Month70.59%
6 Month-6.64%
12 Month-90.98%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.3
ATR(20)%7.63%
ATR Inc
Range Today0.34
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High4.84
10 Day Low4.4
20 Day High4.9
20 Day Low3.75
52 Week High78.82
52 Week Low2.41
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume536.30K
Volume Incr-28.41%
Vol(5)510.70K
Vol(50)592.57K