ADV Technical Analysis - ADTRAN NETWORKING SE

Technical Rating and Analysis

Overall ADV gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ADV is only an average performer.

Warning: ADV has an average volume of 5797 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

A new 52 week high is currently being made by ADV, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

When compared to the yearly performance of all other stocks, ADV outperforms 54% of them, which is more or less in line with the market.

ADV is an average performer in the Communications Equipment industry, it outperforms 55% of 28 stocks in the same industry.

In the last month ADV has a been trading in a tight range between 20.80 and 21.50.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ADTRAN NETWORKING SE / ADV Weekly stock chart

ADTRAN NETWORKING SE / ADV Daily stock chart

Setup Rating and Analysis

Although ADV has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.87

21.73

When analyzing the support we can see 3 important areas.

A support zone ranging from 20.60 to 21.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 20.05 to 20.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 19.06 to 19.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 21.51 to 21.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for ADV.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ADV.DE is up.
ChartMill Relative Strength	54.81	NEUTRAL	ADV.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ADV.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ADV.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ADV.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	89.2	OVERBOUGHT	The high RSI value suggests ADV.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests ADV.DE has a positive trend.
Stochastics (14,3)	91.67	OVERBOUGHT	The high Stochastics value suggests ADV.DE may be overbought.
Average True Range in percent/ATR (20)	0.79	LOW VOLATILITY	The low ATR as a percentage value for ADV.DE suggests low volalility.
Average Directional Index/ADX (14)	53.56	POSITIVE	The high ADX value value for ADV.DE suggests a strong trend.