ADAGIO MEDICAL HOLDINGS INC (ADGM) Stock Technical Analysis
NASDAQ:ADGM - Nasdaq - US00534B1008 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ADGM. ADGM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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 has an average volume of 2495810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ADGM has a been trading in the 0.93 - 1.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ADGM has a bad 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 support zone below the current price at 1.07, a Stop Loss order could be placed below this zone.
More info and screens
0.74
1.29
We found 2 important support areas.
- A support zone ranging from 1.07 to 1.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.16 to 1.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.23 from a trend line in the daily time frame.
- Resistance @1.28 from a trend 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 | DOWN | NEGATIVE | The long term trend for ADGM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADGM is down. |
| 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) | DOWN | NEGATIVE | The current price of ADGM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ADGM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADGM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.28 | NEUTRAL | The RSI value for ADGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ADGM has a negative trend. |
| Stochastics (14,3) | 43.18 | NEUTRAL | The Stochastics value for ADGM is a neutral value. |
| Average True Range in percent/ATR (20) | 11.05 | HIGH VOLATILITY | The high ATR as a percentage value for ADGM suggests high volalility. |
| Average Directional Index/ADX (14) | 26.11 | 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)
1.08
-0.01 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.92%
1 Week-12.2%
2 Weeks-9.24%
1 Month-8.47%
3 Month24.86%
6 Month-34.55%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%11.05%
ATR Inc-34.37%
Range Today0.09
ADR(20)0.12
ADR(20)%10.68%
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 High1.32
10 Day Low0.93
20 Day High1.32
20 Day Low0.93
52 Week HighN/A
52 Week LowN/A
CS1 End1.07
CR1 Start1.16
Volume & EV
DER(3)-27.47%
DER(5)-11.96%
Volume28.40K
Volume Incr-37.79%
Vol(5)38.08K
Vol(50)2.50M