Advanced Disposal Services Inc (ADSW) Stock Technical Analysis
NYSE:ADSW - New York Stock Exchange, Inc. -
Overall ADSW gets a technical rating of 4 out of 10. ADSW has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, ADSW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 30.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.27, 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.
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29.62
When analyzing the support we notice one important area.
- A support zone ranging from 29.92 to 30.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 30.32 to 30.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.09 from a trend line in the daily time frame.
- A resistance zone ranging from 32.83 to 33.10. 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 | DOWN | NEGATIVE | The long term trend for ADSW is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADSW is up. |
| ChartMill Relative Strength | 41.79 | NEUTRAL | ADSW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADSW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADSW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADSW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.59 | NEUTRAL | The RSI value for ADSW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ADSW has a positive trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests ADSW may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for ADSW suggests low volalility. |
30.3
+0.01 (+0.03%)