ADARA ACQUISITION CORP-CL A (ADRA) Stock Technical Analysis
USA - NYSEARCA:ADRA - US00653H1023 - Common Stock
8.15 USD
-1.31 (-13.82%)
We assign a technical rating of 0 out of 10 to ADRA. ADRA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
84% of all other stocks performed better in the past year than ADRA.
ADRA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ADRA has a been trading in the 7.76 - 12.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of ADRA is bad and it also does not present a quality setup 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
8.07
10.61
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.72 to 10.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.50 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 | NEUTRAL | NEUTRAL | The long term trend for ADRA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADRA is down. |
| ChartMill Relative Strength | 16.89 | NEGATIVE | ADRA has a low relative strength, it was outperformed by 83.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADRA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ADRA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADRA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.36 | NEUTRAL | The RSI value for ADRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests ADRA has a negative trend. |
| Stochastics (14,3) | 29.26 | NEUTRAL | The Stochastics value for ADRA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.53 | HIGH VOLATILITY | The high ATR as a percentage value for ADRA suggests high volalility. |
| Average Directional Index/ADX (14) | 31.98 | POSITIVE | The high ADX value value for ADRA suggests a strong 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)
NYSEARCA:ADRA (2/10/2023, 8:04:01 PM)
8.15
-1.31 (-13.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-13.82%
1 Week-11.22%
2 Weeks-21.45%
1 Month-17.68%
3 Month-18.66%
6 Month-18.09%
12 Month-16.99%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%10.53%
ATR Inc23.5%
Range Today1.28
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.89
Mansfield-1.91
10 Day High10.55
10 Day Low7.76
20 Day High12.24
20 Day Low7.76
52 Week High12.24
52 Week Low7.76
CS1 EndN/A
CR1 Start9.72
Volume & EV
DER(3)-10.73%
DER(5)-6.11%
Volume55.00K
Volume Incr-28.63%
Vol(5)41.96K
Vol(50)45.39K