ADAGIO MEDICAL HOLDINGS INC (ADGM) Stock Technical Analysis
NASDAQ:ADGM - Nasdaq - US00534B1008 - Common Stock - Currency: USD
Overall ADGM gets a technical rating of 6 out of 10. In the last year, ADGM was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than ADGM.
ADGM is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 93% of 187 stocks in the same industry do better.
ADGM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ADGM has a been trading in the 1.18 - 1.80 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ADGM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.78. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ADGM 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.
More info and screens
0.74
1.80
We found 3 important support areas.
- Support @1.45 from a trend line in the daily time frame.
- Support @1.23 from a trend line in the daily time frame.
- Support @0.75 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.78 to 1.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ADGM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADGM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ADGM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADGM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADGM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ADGM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.36 | NEUTRAL | The RSI value for ADGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ADGM has a positive trend. |
| Stochastics (14,3) | 75.94 | NEUTRAL | The Stochastics value for ADGM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.84 | HIGH VOLATILITY | The high ATR as a percentage value for ADGM suggests high volalility. |
| Average Directional Index/ADX (14) | 27.2 | POSITIVE | The high ADX value value for ADGM suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 1.79 | 1.44 | 0.35 (19.55%) | 5.11% |
| An entry @1.79. This is a Buy Stop order right above the resistance zone. | An exit @1.44. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.35 points, which is 19.55%. | For a 1.00% total portfolio risk, you can invest 5.11% 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.
1.77
+0.08 (+4.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg4.73%
1 Week22.07%
2 Weeks1.72%
1 Month39.37%
3 Month36.15%
6 Month75.25%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%9.84%
ATR Inc21.5%
Range Today0.12
ADR(20)0.17
ADR(20)%9.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.8
10 Day Low1.35
20 Day High1.8
20 Day Low1.18
52 Week High9.34
52 Week Low0.63
CS1 End1.45
CR1 Start1.78
Volume & EV
DER(3)-4.3%
DER(5)7.94%
Volume64.30K
Volume Incr55.01%
Vol(5)66.08K
Vol(50)54.92K