ADOC Technical Analysis - ADOCIA SAS

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to ADOC. Although ADOC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

In the last month ADOC has a been trading in the 6.95 - 12.40 range, which is quite wide. It is currently trading near the lows of this range.

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.

When comparing the performance of all stocks over the past year, ADOC turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.

ADOC is an average performer in the Biotechnology industry, it outperforms 69% of 76 stocks in the same industry.

ADOC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ADOC is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ADOC has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.58

9.98

When analyzing the support we can see 2 important areas.

Support @8.17 from a trend line in the daily time frame.
Support @7.66 from a trend line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

Resistance @8.26 from a trend line in the weekly time frame.
A resistance zone ranging from 8.50 to 8.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 9.81 to 9.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 ADOC.PA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ADOC.PA is neutral.
ChartMill Relative Strength	41.51	NEUTRAL	ADOC.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ADOC.PA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ADOC.PA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ADOC.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	48.95	NEUTRAL	The RSI value for ADOC.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests ADOC.PA has a negative trend.
Stochastics (14,3)	30.35	NEUTRAL	The Stochastics value for ADOC.PA is a neutral value.
Average True Range in percent/ATR (20)	10.62	HIGH VOLATILITY	The high ATR as a percentage value for ADOC.PA suggests high volalility.
Average Directional Index/ADX (14)	31.38	POSITIVE	The high ADX value value for ADOC.PA suggests a strong trend.