ADAMS DIVERSIFIED EQUITY (ADX) Stock Technical Analysis
NYSE:ADX - New York Stock Exchange, Inc. - US0062121043 - Currency: USD
We assign a technical rating of 7 out of 10 to ADX. In the last year, ADX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ADX has a been trading in the 19.00 - 20.61 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ADX turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
ADX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ADX is lagging the market slightly.
Besides having an excellent technical rating, ADX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.37, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.26
22.30
2 important support areas can be observed.
- A support zone ranging from 19.96 to 20.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.43 to 17.60. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @20.44 from a trend line in the daily time frame.
- Resistance @20.79 from a horizontal line in the daily time frame.
- Resistance @21.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.92 to 22.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ADX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADX is up. |
| ChartMill Relative Strength | 54.68 | NEUTRAL | ADX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ADX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.54 | NEUTRAL | The RSI value for ADX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ADX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.07 | OVERBOUGHT | The high Stochastics value suggests ADX may be overbought. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for ADX suggests low volalility. |
| Average Directional Index/ADX (14) | 18.89 | NEGATIVE | The low ADX value for ADX 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)
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 |
|---|---|---|---|
| 20.45 | 19.95 | 0.50 (2.44%) | 25.00% |
| An entry @20.45. This is a Buy Stop order right above the resistance zone. | An exit @19.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.50 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
20.44
-0.03 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.15%
1 Week1.49%
2 Weeks1.54%
1 Month6.96%
3 Month1.69%
6 Month-0.63%
12 Month0%
2 Year29.7%
3 Year23.06%
5 Year38.67%
10 Year44.05%
15 Year110.29%
Volatility
ATR(14)0.29
ATR(20)%1.37%
ATR Inc-3.5%
Range Today0.29
ADR(20)0.24
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.68
Mansfield-0.41
10 Day High20.61
10 Day Low19.91
20 Day High20.61
20 Day Low19
52 Week High22.63
52 Week Low16.5
CS1 End20.37
CR1 Start20.44
Volume & EV
DER(3)1.95%
DER(5)0.59%
Volume316.90K
Volume Incr-6.54%
Vol(5)211.12K
Vol(50)263.70K