ADURO CLEAN TECHNOLOGIES INC (ADUR) Technical Analysis
NASDAQ:ADUR • CA0074082060
We assign a technical rating of 4 out of 10 to ADUR. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- Looking at the yearly performance, ADUR did better than 90% of all other stocks.
- ADUR is one of the better performing stocks in the Software industry, it outperforms 93% of 279 stocks in the same industry.
- In the last month ADUR has a been trading in the 9.97 - 12.15 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ADUR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ADUR is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ADUR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.56, 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.
- 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
10.26
We found 1 important support area.
- A support zone ranging from 10.36 to 10.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 10.92 to 11.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.84 to 12.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.56 from a trend line in the daily time frame.
- Resistance @14.12 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 | DOWN | NEGATIVE | The long term trend for ADUR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADUR is down. |
| ChartMill Relative Strength | 90.85 | POSITIVE | ADUR has a high relative strength, it outperformed 90.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ADUR is below the rising 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 | MIXED | The current price of ADUR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.48 | NEUTRAL | The RSI value for ADUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ADUR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.07 | NEUTRAL | The Stochastics value for ADUR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.68 | HIGH VOLATILITY | The high ATR as a percentage value for ADUR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.23 | NEGATIVE | The low ADX value for ADUR suggests a weak or negative trend. |
ADUR Technicals: Chart, Performance Metrics, Trend & Indicators
10.91
-0.32 (-2.85%)
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 4 / 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 45.4765. 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 0.0548193, 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.