ADV Technical Analysis - ADTRAN NETWORKING SE

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to ADV. ADV has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

Warning: ADV has an average volume of 5784 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

ADV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

When comparing the performance of all stocks over the past year, ADV turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.

ADV is an average performer in the Communications Equipment industry, it outperforms 42% of 29 stocks in the same industry.

In the last month ADV has a been trading in a tight range between 21.30 and 21.90.

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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

ADV has an average technical rating and it also 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

22.12

3 important support areas can be observed.

A support zone ranging from 20.70 to 20.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 20.05 to 20.25. 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 21.64 to 21.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	NEUTRAL	NEUTRAL	The short term trend for ADV.DE is neutral.
ChartMill Relative Strength	63.17	NEUTRAL	ADV.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ADV.DE is below a declining 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)	46.83	NEUTRAL	The RSI value for ADV.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests ADV.DE has a negative trend.
Stochastics (14,3)	73.33	NEUTRAL	The Stochastics value for ADV.DE is a neutral value.
Average True Range in percent/ATR (20)	0.93	LOW VOLATILITY	The low ATR as a percentage value for ADV.DE suggests low volalility.
Average Directional Index/ADX (14)	51.69	POSITIVE	The high ADX value value for ADV.DE suggests a strong trend.