ADURO CLEAN TECHNOLOGIES INC (ADUR) Stock Technical Analysis
USA - NASDAQ:ADUR - CA0074082060 - Common Stock
Overall ADUR gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, ADUR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 13.92, a Stop Loss order could be placed below this zone.
More info and screens
12.53
We found 2 important support areas.
- A support zone ranging from 13.64 to 13.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.66 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for ADUR is neutral. |
| ChartMill Relative Strength | 97.6 | POSITIVE | ADUR has a high relative strength, it outperformed 97.6% 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) | UP | POSITIVE | The current price of ADUR is above the rising 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) | 46.44 | NEUTRAL | The RSI value for ADUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests ADUR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.63 | NEUTRAL | The Stochastics value for ADUR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.73 | HIGH VOLATILITY | The high ATR as a percentage value for ADUR suggests high volalility. |
| Average Directional Index/ADX (14) | 17.71 | NEGATIVE | The low ADX value for ADUR suggests a weak or negative 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 |
|---|---|---|---|
| 15.31 | 13.63 | 1.68 (10.97%) | 9.11% |
| An entry @15.31. This is a Buy Stop order right above the 10 day high. | An exit @13.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.68 points, which is 10.97%. | For a 1.00% total portfolio risk, you can invest 9.11% of your capital in this trade. |
- 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.
13.93
+0.02 (+0.14%)
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 9 / 10 to ADUR.
What is the trend direction for ADUR stock?
The current trend direction for ADURO CLEAN TECHNOLOGIES INC (ADUR) is Bullish.
What is the RSI signal for ADUR stock?
ADURO CLEAN TECHNOLOGIES INC (ADUR) has an RSI value of 46.4426. This indicates that the stock is currently neutral.
What is the MACD signal for ADURO CLEAN TECHNOLOGIES INC (ADUR) stock?
The MACD indicator for ADURO CLEAN TECHNOLOGIES INC (ADUR) has a value of -0.22005, indicating a bearish trend.
What are the support and resistance levels for ADURO CLEAN TECHNOLOGIES INC (ADUR) stock?
ADURO CLEAN TECHNOLOGIES INC (ADUR) has a support level at 13.92. Check the full technical report for our detailed analysis of ADUR support and resistance levels.