ACADIAN TIMBER CORP (ADN.CA) Stock Technical Analysis
TSX:ADN - Toronto Stock Exchange - CA0042721005 - Common Stock - Currency: CAD
Overall ADN gets a technical rating of 5 out of 10. In the last year, ADN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, ADN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.09, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.01
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.76 to 18.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.46 from a horizontal line in the daily time frame.
- A support zone ranging from 16.17 to 16.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.30 to 18.49. 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 | UP | POSITIVE | The long term trend for ADN.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADN.CA is neutral. |
| ChartMill Relative Strength | 44.55 | NEUTRAL | ADN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ADN.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.75 | NEUTRAL | The RSI value for ADN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ADN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.47 | NEUTRAL | The Stochastics value for ADN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for ADN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.35 | NEGATIVE | The low ADX value for ADN.CA suggests a weak or negative trend. |
TSX:ADN (7/4/2025, 7:00:00 PM)
18.1
+0.18 (+1%)