ADTRAN HOLDINGS INC (ADTN) Stock Technical Analysis
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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
In the last month ADTN has a been trading in the 7.49 - 8.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, ADTN did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ADTN is part of the Communications Equipment industry. There are 49 other stocks in this industry, ADTN did better than 56% of them.
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.
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.
- 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
4 important support areas can be observed.
- A support zone ranging from 7.99 to 8.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.55 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 8.16 to 8.27. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @8.57 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 | 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. |
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)
8.15
+0.12 (+1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg1.49%
1 Week1.24%
2 Weeks-4.79%
1 Month5.16%
3 Month-22.89%
6 Month-4.12%
12 Month46.85%
2 Year-8.53%
3 Year-56.02%
5 Year-28.51%
10 Year-52.67%
15 Year-70.29%
Volatility
ATR(14)0.35
ATR(20)%4.06%
ATR Inc-16.89%
Range Today0.33
ADR(20)0.3
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.56
Mansfield0.56
10 Day High8.66
10 Day Low7.65
20 Day High8.66
20 Day Low7.49
52 Week High12.44
52 Week Low4.62
CS1 End8.14
CR1 Start8.16
Volume & EV
DER(3)3.15%
DER(5)2.4%
Volume788.80K
Volume Incr-31.59%
Vol(5)591.54K
Vol(50)898.92K