ADTRAN HOLDINGS INC (ADTN) Stock Technical Analysis
NASDAQ:ADTN - Nasdaq - US00486H1059 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ADTN. Although ADTN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, we notice that ADTN is one of the better performing stocks in the market, outperforming 84% of all stocks. However, ADTN's most recent performance is quite weak.
ADTN is an average performer in the Communications Equipment industry, it outperforms 59% of 50 stocks in the same industry.
ADTN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ADTN is lagging the market slightly.
In the last month ADTN has a been trading in the 7.42 - 8.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, ADTN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ADTN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.10
8.66
3 important support areas can be observed.
- Support @7.54 from a trend line in the daily time frame.
- Support @7.42 from a horizontal line in the weekly time frame.
- Support @7.17 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.00 to 8.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.56 to 8.57. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for ADTN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADTN is down. |
| ChartMill Relative Strength | 84.39 | POSITIVE | ADTN has a high relative strength, it outperformed 84.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADTN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADTN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ADTN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.15 | NEUTRAL | The RSI value for ADTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ADTN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.38 | NEUTRAL | The Stochastics value for ADTN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for ADTN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.88 | NEGATIVE | The low ADX value for ADTN 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)
7.94
+0.14 (+1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg1.79%
1 Week1.28%
2 Weeks-3.29%
1 Month-1.37%
3 Month-13.79%
6 Month-3.05%
12 Month50.09%
2 Year-24.6%
3 Year-54.71%
5 Year-27.36%
10 Year-51.14%
15 Year-70.88%
Volatility
ATR(14)0.31
ATR(20)%3.84%
ATR Inc-26.55%
Range Today0.23
ADR(20)0.29
ADR(20)%3.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.39
Mansfield-0.02
10 Day High8.39
10 Day Low7.42
20 Day High8.56
20 Day Low7.42
52 Week High12.44
52 Week Low4.62
CS1 End7.54
CR1 Start8
Volume & EV
DER(3)5.32%
DER(5)2.82%
Volume731.30K
Volume Incr42.25%
Vol(5)961.02K
Vol(50)817.31K