Taking everything into account, ADUR scores 2 out of 10 in our technical rating. Although ADUR 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.
- In the last month ADUR has a been trading in the 10.41 - 15.45 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ADUR is one of the better performing stocks in the Software industry, it outperforms 96% of 278 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, ADUR did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ADUR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ADUR is lagging the market.
The technical rating of ADUR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.36
We found 2 important support areas.
- Support @11.42 from a trend line in the weekly time frame.
- A support zone ranging from 10.46 to 10.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.68 to 12.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.30 from a trend line in the daily time frame.
- Resistance @14.54 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ADUR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADUR is down. |
| ChartMill Relative Strength | 91.6 | POSITIVE | ADUR has a high relative strength, it outperformed 91.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADUR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ADUR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADUR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.18 | NEUTRAL | The RSI value for ADUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests ADUR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.84 | OVERSOLD | The low Stochastics value suggests ADUR may be oversold. |
| Average True Range in percent/ATR (20) | 10.78 | HIGH VOLATILITY | The high ATR as a percentage value for ADUR suggests high volalility. |
| Average Directional Index/ADX (14) | 19.84 | NEGATIVE | The low ADX value for ADUR suggests a weak or negative trend. |
11.6
+1.17 (+11.22%)
ADURO CLEAN TECHNOLOGIES INC / ADUR FAQ
What is the ChartMill technical rating of ADURO CLEAN TECHNOLOGIES INC (ADUR) stock?
ChartMill assigns a technical rating of 2 / 10 to ADUR.
What is the current trend direction of ADURO CLEAN TECHNOLOGIES INC (ADUR) stock?
The current trend direction for ADURO CLEAN TECHNOLOGIES INC (ADUR) is Bearish.
What is the RSI signal for ADUR stock?
ADURO CLEAN TECHNOLOGIES INC (ADUR) has an RSI value of 43.1835. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ADURO CLEAN TECHNOLOGIES INC?
The MACD indicator for ADURO CLEAN TECHNOLOGIES INC (ADUR) has a value of -0.3767, indicating a bearish trend.
Can you provide the short term momentum for ADURO CLEAN TECHNOLOGIES INC?
The short term momentum for ADURO CLEAN TECHNOLOGIES INC (ADUR) is negative.