ADTRAN HOLDINGS INC (ADTN) Stock Technical Analysis
NASDAQ:ADTN • US00486H1059
Overall ADTN gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ADTN is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- ADTN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ADTN is lagging the market slightly.
- ADTN has an average volume of 1228610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ADTN outperforms 67% of them, which is more or less in line with the market.
- ADTN is an average performer in the Communications Equipment industry, it outperforms 42% of 48 stocks in the same industry.
- In the last month ADTN has a been trading in the 9.16 - 11.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, ADTN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.52, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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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7.36
4 important support areas can be observed.
- A support zone ranging from 9.42 to 9.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.21 from a horizontal line in the daily time frame.
- Support @7.80 from a trend line in the weekly time frame.
- Support @7.43 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.99 to 10.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.43 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 10.61 to 10.70. 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 | UP | POSITIVE | The long term trend for ADTN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADTN is neutral. |
| ChartMill Relative Strength | 67.74 | NEUTRAL | ADTN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ADTN is below the rising 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 | POSITIVE | The current price of ADTN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.34 | NEUTRAL | The RSI value for ADTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ADTN has a negative trend. |
| Stochastics (14,3) | 30.06 | NEUTRAL | The Stochastics value for ADTN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for ADTN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.53 | NEUTRAL | The ADX value for ADTN suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.17 | 9.66 | 0.51 (5.01%) | 19.94% |
| An entry @10.17. This is a Buy Stop order right above the resistance zone. | An exit @9.66. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.51 points, which is 5.01%. | For a 1.00% total portfolio risk, you can invest 19.94% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ADTN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.96
-0.24 (-2.35%)
ADTRAN HOLDINGS INC / ADTN FAQ
Can you provide the ChartMill technical rating for ADTRAN HOLDINGS INC?
ChartMill assigns a technical rating of 7 / 10 to ADTN.
What is the trend direction for ADTN stock?
The current trend direction for ADTRAN HOLDINGS INC (ADTN) is Bullish.
Can you provide the RSI signal for ADTRAN HOLDINGS INC?
ADTRAN HOLDINGS INC (ADTN) has an RSI value of 51.3362. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ADTRAN HOLDINGS INC?
The short term momentum for ADTRAN HOLDINGS INC (ADTN) is neutral.
What is the support and resistance level for ADTN stock?
ADTRAN HOLDINGS INC (ADTN) has a support level at 9.52 and a resistance level at 9.99. Check the full technical report for our detailed analysis of ADTN support and resistance levels.