We assign a technical rating of 0 out of 10 to ADGM. ADGM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 77% of all other stocks performed better in the past year than ADGM.
- 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.
- In the last month ADGM has a been trading in the 0.82 - 1.36 range, which is quite wide. It is currently trading near the lows of this range.
- ADGM is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, ADGM did better than 55% of them.
- Considerably lower volume is observed in the last couple of days.
ADGM has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.79
We found 2 important support areas.
- Support @0.87 from a horizontal line in the daily time frame.
- Support @0.80 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.93 to 0.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.96 to 0.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.73 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 | 23.46 | NEGATIVE | ADGM has a low relative strength, it was outperformed by 76.54% 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) | DOWN | NEGATIVE | The current price of ADGM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ADGM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.72 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 23.99 | NEUTRAL | The Stochastics value for ADGM is a neutral value. |
| Average True Range in percent/ATR (20) | 15.2 | HIGH VOLATILITY | The high ATR as a percentage value for ADGM suggests high volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for ADGM suggests a strong trend. |
0.9299
+0.05 (+5.8%)
ADAGIO MEDICAL HOLDINGS INC / ADGM FAQ
What is the ChartMill technical rating of ADAGIO MEDICAL HOLDINGS INC (ADGM) stock?
ChartMill assigns a technical rating of 0 / 10 to ADGM.
What is the trend direction for ADGM stock?
The current trend direction for ADAGIO MEDICAL HOLDINGS INC (ADGM) is Bearish.
What is the RSI signal for ADGM stock?
ADAGIO MEDICAL HOLDINGS INC (ADGM) has an RSI value of 46.7202. This indicates that the stock is currently neutral.
What is the MACD signal for ADAGIO MEDICAL HOLDINGS INC (ADGM) stock?
The MACD indicator for ADAGIO MEDICAL HOLDINGS INC (ADGM) has a value of -0.0126272, indicating a bearish trend.
What are the support and resistance levels for ADAGIO MEDICAL HOLDINGS INC (ADGM) stock?
ADAGIO MEDICAL HOLDINGS INC (ADGM) has a support level at 0.87 and a resistance level at 0.93. Check the full technical report for our detailed analysis of ADGM support and resistance levels.