AUDAX RENOVABLES SA (ADX.MC) Stock Technical Analysis
BME:ADX - Bolsa De Madrid - ES0136463017 - Common Stock - Currency: EUR
Overall ADX gets a technical rating of 2 out of 10. ADX's overall performance in the market is below average. Also 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.
78% of all other stocks performed better in the past year than ADX.
ADX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ADX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ADX is lagging the market.
The technical rating of ADX is bad and it also does not present a 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.
More info and screens
1.41
1.73
3 important support areas can be observed.
- A support zone ranging from 1.50 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.47 from a trend line in the weekly time frame.
- Support @1.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.55 to 1.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.66 to 1.68. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @1.71 from a trend 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 | DOWN | NEGATIVE | The long term trend for ADX.MC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADX.MC is down. |
| ChartMill Relative Strength | 22.92 | NEGATIVE | ADX.MC has a low relative strength, it was outperformed by 77.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADX.MC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ADX.MC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADX.MC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.23 | NEUTRAL | The RSI value for ADX.MC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ADX.MC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.46 | NEUTRAL | The Stochastics value for ADX.MC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for ADX.MC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.23 | NEGATIVE | The low ADX value for ADX.MC suggests a weak or negative 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)
BME:ADX (6/27/2025, 5:29:39 PM)
1.539
+0.02 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.25%
1 Week1.12%
2 Weeks-0.58%
1 Month-5.41%
3 Month1.85%
6 Month-2.59%
12 Month-17.7%
2 Year20.42%
3 Year35.24%
5 Year-8.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%2.54%
ATR Inc-13.5%
Range Today0.02
ADR(20)0.03
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.92
Mansfield-1.31
10 Day High1.56
10 Day Low1.47
20 Day High1.75
20 Day Low1.47
52 Week High1.96
52 Week Low1.33
CS1 End1.52
CR1 Start1.55
Volume & EV
DER(3)1.94%
DER(5)3.74%
Volume113.81K
Volume Incr-12.28%
Vol(5)63.90K
Vol(50)45.96K