ADDEX THERAPEUTICS LTD (ADXN) Stock Technical Analysis
NASDAQ:ADXN - Nasdaq - US00654J2069 - ADR - Currency: USD
We assign a technical rating of 6 out of 10 to ADXN. ADXN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
ADXN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ADXN is lagging the market.
Warning: ADXN has an average volume of 7118 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ADXN is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 83% of 198 stocks in the same industry.
In the last month ADXN has a been trading in the 6.75 - 8.59 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ADXN is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ADXN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.45. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ADXN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.21
8.87
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.98 to 8.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.81 from a horizontal line in the daily time frame.
- A support zone ranging from 7.45 to 7.50. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @7.28 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.45 to 8.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.78 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 | NEUTRAL | NEUTRAL | The long term trend for ADXN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADXN is up. |
| ChartMill Relative Strength | 79.71 | POSITIVE | ADXN has a high relative strength, it outperformed 79.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADXN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ADXN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ADXN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.13 | NEUTRAL | The RSI value for ADXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ADXN has a positive trend. |
| Stochastics (14,3) | 80.87 | OVERBOUGHT | The high Stochastics value suggests ADXN may be overbought. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for ADXN suggests high volalility. |
| Average Directional Index/ADX (14) | 10.74 | NEGATIVE | The low ADX value for ADXN 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 |
|---|---|---|---|
| 8.52 | 7.97 | 0.55 (6.46%) | 15.49% |
| An entry @8.52. This is a Buy Stop order right above the resistance zone. | An exit @7.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 6.46%. | When investing 15.49% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ADXN. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:ADXN (5/23/2025, 9:11:57 PM)
8.4
+0.19 (+2.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.31%
1 Week3.7%
2 Weeks-0.59%
1 Month13.06%
3 Month11.7%
6 Month11.55%
12 Month4.87%
2 Year-35.29%
3 Year-88.86%
5 Year-94.23%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%6.21%
ATR Inc-53.22%
Range Today0
ADR(20)0.33
ADR(20)%3.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.71
Mansfield-0.28
10 Day High8.58
10 Day Low7.44
20 Day High8.59
20 Day Low6.75
52 Week High13.27
52 Week Low6.51
CS1 End8.13
CR1 Start8.45
Volume & EV
DER(3)0.83%
DER(5)3.15%
Volume3.00K
Volume Incr-61.09%
Vol(5)2.42K
Vol(50)7.12K