ADURO CLEAN TECHNOLOGIES INC (ADUR) Technical Analysis
NASDAQ:ADUR • CA0074082060
Current stock price
ADUR Technical Rating and Analysis
Overall ADUR gets a technical rating of 6 out of 10. Although ADUR has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- ADUR is part of the Software industry. There are 272 other stocks in this industry. ADUR outperforms 94% of them.
- In the last month ADUR has a been trading in the 9.00 - 12.47 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that ADUR is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 10 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.
ADUR Weekly and Daily overview Charts
ADUR Setup Rating and Analysis
Although the technical rating is only medium, ADUR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.39, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ADUR in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
ADUR Support and Resistance Analysis
10.11
We found 1 important support area.
- A support zone ranging from 10.21 to 10.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.13 to 12.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @13.39 from a trend line in the weekly time frame.
ADUR Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for ADUR is up. |
| ChartMill Relative Strength | 93.96 | POSITIVE | ADUR has a high relative strength, it outperformed 93.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADUR is above the rising 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 | MIXED | The current price of ADUR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.13 | NEUTRAL | The RSI value for ADUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ADUR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.74 | NEUTRAL | The Stochastics value for ADUR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for ADUR suggests high volalility. |
| Average Directional Index/ADX (14) | 9.76 | NEGATIVE | The low ADX value for ADUR suggests a weak or negative trend. |
ADUR Chart- and CandleStick Pattern Analysis
ADUR Example Setup
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 |
|---|---|---|---|
| 12.28 | 9.99 | 2.29 (18.65%) | 5.36% |
| An entry @12.28. This is a Buy Stop order right above the resistance zone. | An exit @9.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.29 points, which is 18.65%. | For a 1.00% total portfolio risk, you can invest 5.36% 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.
ADUR Technicals: Chart, Performance Metrics, Trend & Indicators
11.78
-0.19 (-1.59%)
ADURO CLEAN TECHNOLOGIES INC / ADUR TA FAQ
What is the ChartMill technical rating of ADURO CLEAN TECHNOLOGIES INC (ADUR) stock?
ChartMill assigns a technical rating of 6 / 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 ADURO CLEAN TECHNOLOGIES INC (ADUR) stock?
ADURO CLEAN TECHNOLOGIES INC (ADUR) has an RSI value of 58.1348. This indicates that the stock is currently neutral.
What is the support and resistance level for ADUR stock?
ADURO CLEAN TECHNOLOGIES INC (ADUR) has a support level at 10.39 and a resistance level at 12.13. Check the full technical report for our detailed analysis of ADUR support and resistance levels.