ADAPTIVE BIOTECHNOLOGIES (ADPT) Stock Technical Analysis
NASDAQ:ADPT - Nasdaq - US00650F1093 - Common Stock - Currency: USD
Taking everything into account, ADPT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ADPT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ADPT is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by ADPT over the past year are nicely spread over this period.
ADPT is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry. ADPT outperforms 92% of them.
ADPT 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 ADPT is performing more or less in line with the market.
ADPT has an average volume of 2412230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ADPT has a been trading in the 7.16 - 10.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ADPT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 9.02, a Stop Loss order could be placed below this zone.
More info and screens
6.60
9.11
3 important support areas can be observed.
- Support @7.37 from a trend line in the daily time frame.
- Support @7.08 from a trend line in the daily time frame.
- A support zone ranging from 6.67 to 6.73. 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 8.90 to 9.02. 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 ADPT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADPT is up. |
| ChartMill Relative Strength | 97.79 | POSITIVE | ADPT has a high relative strength, it outperformed 97.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADPT is above the rising 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) | 55.41 | NEUTRAL | The RSI value for ADPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ADPT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.68 | NEUTRAL | The Stochastics value for ADPT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.24 | HIGH VOLATILITY | The high ATR as a percentage value for ADPT suggests high volalility. |
| Average Directional Index/ADX (14) | 18.52 | NEGATIVE | The low ADX value for ADPT suggests a weak or negative 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)
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 |
|---|---|---|---|
| 9.82 | 8.76 | 1.06 (10.79%) | 9.26% |
| An entry @9.82. This is a Buy Stop order right above the 10 day high. | An exit @8.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.06 points, which is 10.79%. | When investing 9.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ADPT. Please evaluate whether better entry and exit points can be found.
- 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.
8.84
-0.25 (-2.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-2.75%
1 Week0.55%
2 Weeks3.18%
1 Month23.17%
3 Month9.92%
6 Month93.82%
12 Month164.24%
2 Year30.6%
3 Year16.24%
5 Year-76.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%7.24%
ATR Inc-39.36%
Range Today0.32
ADR(20)0.59
ADR(20)%6.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.79
Mansfield4.77
10 Day High9.81
10 Day Low8.77
20 Day High10.28
20 Day Low7.16
52 Week High10.28
52 Week Low2.99
CS1 End9.02
CR1 StartN/A
Volume & EV
DER(3)1.72%
DER(5)1.83%
Volume866.48K
Volume Incr-62.26%
Vol(5)1.07M
Vol(50)2.41M