ADDEX THERAPEUTICS LTD (ADXN) Stock Technical Analysis
USA - NASDAQ:ADXN - US00654J2069 - ADR
We assign a technical rating of 6 out of 10 to ADXN. ADXN 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.
Although the technical rating is only medium, ADXN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.53, a Stop Loss order could be placed below this zone. 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.
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7.43
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.51 to 8.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.09 from a trend line in the daily time frame.
- Support @7.87 from a trend line in the weekly time frame.
- A support zone ranging from 7.50 to 7.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.12 to 9.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.93 from a horizontal line in the daily time frame.
- Resistance @10.85 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 | UP | POSITIVE | The long term trend for ADXN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADXN is neutral. |
| ChartMill Relative Strength | 50.51 | NEUTRAL | ADXN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADXN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADXN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADXN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.06 | NEUTRAL | The RSI value for ADXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ADXN has a negative trend. |
| Stochastics (14,3) | 21.93 | NEUTRAL | The Stochastics value for ADXN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.24 | HIGH VOLATILITY | The high ATR as a percentage value for ADXN suggests high volalility. |
| Average Directional Index/ADX (14) | 37.87 | POSITIVE | The high ADX value value for ADXN suggests a strong trend. |
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 |
|---|---|---|---|
| 9.37 | 8.66 | 0.71 (7.58%) | 13.20% |
| An entry @9.37. This is a Buy Stop order right above the resistance zone. | An exit @8.66. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.71 points, which is 7.58%. | When investing 13.20% 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.
9.11
-0.14 (-1.51%)
ADDEX THERAPEUTICS LTD / ADXN FAQ
What is the technical rating for ADXN stock?
ChartMill assigns a technical rating of 6 / 10 to ADXN.
Can you provide the trend direction for ADDEX THERAPEUTICS LTD?
The current trend direction for ADDEX THERAPEUTICS LTD (ADXN) is Bullish.
What is the RSI signal for ADXN stock?
ADDEX THERAPEUTICS LTD (ADXN) has an RSI value of 49.0636. This indicates that the stock is currently neutral.
What is the MACD signal for ADXN stock?
The MACD indicator for ADDEX THERAPEUTICS LTD (ADXN) has a value of -0.0177267, indicating a bearish trend.
What is the short term momentum for ADXN stock?
The short term momentum for ADDEX THERAPEUTICS LTD (ADXN) is neutral.