ADDENTAX GROUP CORP (ATXG) Technical Analysis
NASDAQ:ATXG • US00653L3015
We assign a technical rating of 0 out of 10 to ATXG. ATXG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ATXG is a bad performer in the overall market: 96% of all stocks are doing better.
- ATXG is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry, of which 72% are performing better than ATXG.
- ATXG is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so ATXG is lagging the market.
- In the last month ATXG has a been trading in the 0.26 - 0.64 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
The technical rating of ATXG 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
0.30
We found 1 important resistance area.
- Resistance @0.40 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 ATXG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ATXG is down. |
| ChartMill Relative Strength | 4.97 | NEGATIVE | ATXG has a low relative strength, it was outperformed by 95.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATXG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATXG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ATXG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.32 | NEUTRAL | The RSI value for ATXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ATXG has a negative trend. |
| Stochastics (14,3) | 12.31 | OVERSOLD | The low Stochastics value suggests ATXG may be oversold. |
| Average True Range in percent/ATR (20) | 20.91 | HIGH VOLATILITY | The high ATR as a percentage value for ATXG suggests high volalility. |
| Average Directional Index/ADX (14) | 30.09 | POSITIVE | The high ADX value value for ATXG suggests a strong trend. |
ATXG Technicals: Chart, Performance Metrics, Trend & Indicators
0.2994
-0.03 (-8.16%)
ADDENTAX GROUP CORP / ATXG FAQ
What is the technical rating for ATXG stock?
ChartMill assigns a technical rating of 0 / 10 to ATXG.
What is the current trend direction of ADDENTAX GROUP CORP (ATXG) stock?
The current trend direction for ADDENTAX GROUP CORP (ATXG) is Bearish.
What is the RSI signal for ADDENTAX GROUP CORP (ATXG) stock?
ADDENTAX GROUP CORP (ATXG) has an RSI value of 34.3228. This indicates that the stock is currently neutral.
What is the MACD signal for ADDENTAX GROUP CORP (ATXG) stock?
The MACD indicator for ADDENTAX GROUP CORP (ATXG) has a value of -0.00544664, indicating a bearish trend.
What is the short term momentum for ATXG stock?
The short term momentum for ADDENTAX GROUP CORP (ATXG) is negative.