ADAGIO MEDICAL HOLDINGS INC (ADGM) Technical Analysis
NASDAQ:ADGM • US00534B1008
Current stock price
ADGM Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to ADGM. In the past year, ADGM was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- ADGM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ADGM is lagging the market.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- ADGM is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. ADGM outperforms 87% of them.
- When comparing the yearly performance of all stocks, we notice that ADGM is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month ADGM has a been trading in the 0.85 - 1.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ADGM Weekly and Daily overview Charts
ADGM Setup Rating and Analysis
ADGM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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
ADGM Support and Resistance Analysis
0.80
4 important support areas can be observed.
- A support zone ranging from 1.01 to 1.01. 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 0.97 to 0.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.94 from a trend line in the daily time frame.
- Support @0.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.54 from a trend line in the weekly time frame.
ADGM 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 | 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 | 84.26 | POSITIVE | ADGM has a high relative strength, it outperformed 84.26% 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 | NEGATIVE | The current price of ADGM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.87 | 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) | 57.3 | NEUTRAL | The Stochastics value for ADGM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for ADGM suggests high volalility. |
| Average Directional Index/ADX (14) | 40.52 | POSITIVE | The high ADX value value for ADGM suggests a strong trend. |
ADGM Chart- and CandleStick Pattern Analysis
ADGM 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 |
|---|---|---|---|
| 1.22 | 1.00 | 0.22 (18.03%) | 5.55% |
| An entry @1.22. This is a Buy Stop order right above the 10 day high. | An exit @1.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 18.03%. | When investing 5.55% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ADGM Technicals: Chart, Performance Metrics, Trend & Indicators
1.13
+0.1 (+9.71%)
ADAGIO MEDICAL HOLDINGS INC / ADGM TA FAQ
What is the ChartMill technical rating of ADAGIO MEDICAL HOLDINGS INC (ADGM) stock?
ChartMill assigns a technical rating of 7 / 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 64.8671. 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 0.00973811, 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 1.01 and a resistance level at 1.54. Check the full technical report for our detailed analysis of ADGM support and resistance levels.