ADURO CLEAN TECHNOLOGIES INC (ADUR) Technical Analysis
NASDAQ:ADUR • CA0074082060
Current stock price
ADUR Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to ADUR. 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, ADUR did better than 94% of all other stocks.
- 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.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ADUR Weekly and Daily overview Charts
ADUR Setup Rating and Analysis
Although ADUR has an excellent technical rating, the quality of the presented setup is not ideal 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
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.
2 important resistance areas can be observed.
- A resistance zone ranging from 11.96 to 12.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 94.14 | POSITIVE | ADUR has a high relative strength, it outperformed 94.14% 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) | 59.63 | 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. |
| Stochastics (14,3) | 77.43 | NEUTRAL | The Stochastics value for ADUR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.11 | HIGH VOLATILITY | The high ATR as a percentage value for ADUR suggests high volalility. |
| Average Directional Index/ADX (14) | 10.41 | 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 |
|---|---|---|---|
| 12.24 | 9.99 | 2.25 (18.38%) | 5.44% |
| An entry @12.24. 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 2.25 points, which is 18.38%. | When investing 5.44% 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.
ADUR Technicals: Chart, Performance Metrics, Trend & Indicators
11.95
+0.17 (+1.44%)
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 7 / 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 59.6346. 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 11.96. Check the full technical report for our detailed analysis of ADUR support and resistance levels.