NASDAQ:ADTN - Nasdaq - US00486H1059 - Common Stock - Currency: USD
Taking everything into account, ADTN scores 3 out of 10 in our technical rating. 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.
Although the technical rating is bad, ADTN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ADTN in the last couple of days, which is a good sign.
7.10
4 important support areas can be observed.
We can see 2 important resistance areas.
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 | NEUTRAL | NEUTRAL | The short term trend for ADTN is neutral. |
ChartMill Relative Strength | 82.56 | POSITIVE | ADTN has a high relative strength, it outperformed 82.56% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADTN is above the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ADTN is above a declining SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADTN is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 53 | NEUTRAL | The RSI value for ADTN is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ADTN has a positive trend. |
Stochastics (14,3) | 42.84 | NEUTRAL | The Stochastics value for ADTN is a neutral value. |
Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ADTN suggests some volalility. |
Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for ADTN suggests a weak or negative trend. |
8.15
+0.12 (+1.49%)