ADURO CLEAN TECHNOLOGIES INC (ADUR) Stock Technical Analysis
NASDAQ:ADUR - Nasdaq - CA0074082060 - Common Stock - Currency: USD
Taking everything into account, ADUR scores 7 out of 10 in our technical rating. Although ADUR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, ADUR is a bad performer in the overall market: 100% of all stocks are doing better.
ADUR is part of the Software industry. There are 283 other stocks in this industry, of which 90% are performing better than ADUR.
The long and short term trends are both positive. This is looking good!
ADUR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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
5.25
8.33
3 important support areas can be observed.
- A support zone ranging from 8.13 to 8.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.11 from a trend line in the daily time frame.
- Support @5.30 from a horizontal 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 | UP | POSITIVE | The short term trend for ADUR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ADUR has a low relative strength, it was outperformed by 100% 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). |
| Relative Strength Index/RSI (14) | 71.23 | OVERBOUGHT | The high RSI value suggests ADUR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests ADUR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.58 | NEUTRAL | The Stochastics value for ADUR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.23 | HIGH VOLATILITY | The high ATR as a percentage value for ADUR suggests high volalility. |
| Average Directional Index/ADX (14) | 56.41 | POSITIVE | The high ADX value value for ADUR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.25
+0.02 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.24%
1 Week1.23%
2 Weeks37.04%
1 Month59.57%
3 Month58.35%
6 Month42.49%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%7.23%
ATR Inc-53.25%
Range Today0.38
ADR(20)0.58
ADR(20)%7.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High9.23
10 Day Low5.88
20 Day High9.23
20 Day Low5.28
52 Week HighN/A
52 Week LowN/A
CS1 End8.24
CR1 StartN/A
Volume & EV
DER(3)-12.21%
DER(5)-8.19%
Volume66.80K
Volume Incr4.86%
Vol(5)177.72K
Vol(50)118.93K