ANALOG DEVICES INC (ADI) Technical Analysis
NASDAQ:ADI • US0326541051
Current stock price
ADI Technical Rating and Analysis
Overall ADI gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- ADI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, ADI did better than 88% of all other stocks. We also observe that the gains produced by ADI over the past year are nicely spread over this period.
- ADI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ADI is performing more or less in line with the market.
- ADI has an average volume of 4215530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ADI is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 53% of 115 stocks in the same industry.
ADI Weekly and Daily overview Charts
ADI Setup Rating and Analysis
ADI has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ADI Support and Resistance Analysis
218.47
4 important support areas can be observed.
- A support zone ranging from 306.06 to 306.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @245.68 from a horizontal line in the daily time frame.
- Support @230.44 from a horizontal line in the daily time frame.
- Support @220.68 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 309.44 to 313.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 318.97 to 323.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ADI 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 | UP | POSITIVE | The long term trend for ADI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADI is neutral. |
| ChartMill Relative Strength | 88.2 | POSITIVE | ADI has a high relative strength, it outperformed 88.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ADI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.25 | NEUTRAL | The RSI value for ADI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests ADI has a negative trend. |
| Stochastics (14,3) | 49.09 | NEUTRAL | The Stochastics value for ADI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for ADI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.81 | POSITIVE | The high ADX value value for ADI suggests a strong trend. |
ADI Chart- and CandleStick Pattern Analysis
ADI Technicals: Chart, Performance Metrics, Trend & Indicators
307.44
-5.98 (-1.91%)
ANALOG DEVICES INC / ADI TA FAQ
What is the technical rating for ADI stock?
ChartMill assigns a technical rating of 8 / 10 to ADI.
What is the trend direction for ADI stock?
The current trend direction for ANALOG DEVICES INC (ADI) is Bullish.
What is the RSI signal for ANALOG DEVICES INC (ADI) stock?
ANALOG DEVICES INC (ADI) has an RSI value of 40.2511. This indicates that the stock is currently neutral.
What is the short term momentum for ADI stock?
The short term momentum for ANALOG DEVICES INC (ADI) is neutral.