ADURO CLEAN TECHNOLOGIES INC (ADUR) Stock Technical Analysis
NASDAQ:ADUR - Nasdaq - CA0074082060 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ADUR. Although ADUR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, ADUR is a bad performer in the overall market: 100% of all stocks are doing better.
ADUR is one of the lesser performing stocks in the Software industry. 91% of 282 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ADUR has a been trading in the 10.01 - 12.40 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is only medium, ADUR does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ADUR 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
5.25
11.49
We found 3 important support areas.
- Support @10.64 from a trend line in the daily time frame.
- A support zone ranging from 10.09 to 10.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.30 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 | UP | POSITIVE | The long term trend for ADUR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADUR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ADUR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ADUR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADUR is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.76 | NEUTRAL | The RSI value for ADUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ADUR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.86 | NEUTRAL | The Stochastics value for ADUR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.13 | HIGH VOLATILITY | The high ATR as a percentage value for ADUR suggests high volalility. |
| Average Directional Index/ADX (14) | 26.66 | POSITIVE | The high ADX value value for ADUR suggests a strong 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)
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 |
|---|---|---|---|
| 12.24 | 10.63 | 1.61 (13.15%) | 7.60% |
| An entry @12.24. This is a Buy Stop order right above the 10 day high. | An exit @10.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.61 points, which is 13.15%. | When investing 7.60% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
11.38
-0.31 (-2.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.65%
1 Week11.46%
2 Weeks5.08%
1 Month-2.07%
3 Month81.5%
6 Month93.54%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%7.13%
ATR Inc27.5%
Range Today0.83
ADR(20)0.8
ADR(20)%7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High12.23
10 Day Low10.01
20 Day High12.4
20 Day Low10.01
52 Week HighN/A
52 Week LowN/A
CS1 End10.64
CR1 StartN/A
Volume & EV
DER(3)5.79%
DER(5)3.75%
Volume216.40K
Volume Incr-16.29%
Vol(5)229.42K
Vol(50)311.39K