ADAPTIVE BIOTECHNOLOGIES (ADPT) Stock Technical Analysis
NASDAQ:ADPT - Nasdaq - US00650F1093 - Common Stock - Currency: USD
Overall ADPT gets a technical rating of 9 out of 10. In the last year, ADPT was one of the better performers, but we do observe some doubts in the very recent evolution.
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 yearly performance of all stocks, we notice that ADPT is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, ADPT also shows a nice and consistent pattern of rising prices.
ADPT is part of the Life Sciences Tools & Services industry. There are 54 other stocks in this industry. ADPT outperforms 96% of them.
A new 52 week high is currently being made by ADPT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ADPT has a been trading in the 9.96 - 12.83 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ADPT has an average volume of 1958430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ADPT 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.
More info and screens
7.48
12.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 10.71 to 10.85. 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 10.14 to 10.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.65 from a trend line in the daily time frame.
- Support @7.56 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @12.17 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ADPT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADPT is neutral. |
| ChartMill Relative Strength | 96.38 | POSITIVE | ADPT has a high relative strength, it outperformed 96.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ADPT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADPT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADPT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.36 | NEUTRAL | The RSI value for ADPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ADPT has a positive trend. |
| Stochastics (14,3) | 65.21 | NEUTRAL | The Stochastics value for ADPT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for ADPT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.13 | NEUTRAL | The ADX value for ADPT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.69
+0.64 (+5.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg5.79%
1 Week11.97%
2 Weeks7.54%
1 Month-2.01%
3 Month29.46%
6 Month49.11%
12 Month161.52%
2 Year72.67%
3 Year31.05%
5 Year-71.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%5.31%
ATR Inc206.08%
Range Today2.17
ADR(20)0.62
ADR(20)%5.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.38
Mansfield4.45
10 Day High12.83
10 Day Low9.96
20 Day High12.83
20 Day Low9.96
52 Week High12.83
52 Week Low3.98
CS1 End10.85
CR1 Start12.17
Volume & EV
DER(3)-0.98%
DER(5)0.9%
Volume4.65M
Volume Incr68.45%
Vol(5)2.68M
Vol(50)1.96M