ADDENTAX GROUP CORP (ATXG) Stock Technical Analysis
NASDAQ:ATXG - Nasdaq - US00653L3015 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ATXG. ATXG'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.
When comparing the yearly performance of all stocks, ATXG is a bad performer in the overall market: 85% of all stocks are doing better.
ATXG is part of the Air Freight & Logistics industry. There are 22 other stocks in this industry, of which 66% are performing better than ATXG.
ATXG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ATXG has a been trading in the 0.55 - 1.06 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.
ATXG has an average volume of 1319840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ATXG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.65, a Stop Loss order could be placed below this zone.
More info and screens
0.56
1.01
We found 3 important support areas.
- A support zone ranging from 0.65 to 0.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.58 to 0.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.57 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.71 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.86 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.92 from a horizontal line in the daily time frame.
- Resistance @1.00 from a trend line in the weekly 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 ATXG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ATXG is neutral. |
| ChartMill Relative Strength | 15.67 | NEGATIVE | ATXG has a low relative strength, it was outperformed by 84.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ATXG is below the rising 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) | UP | MIXED | The current price of ATXG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.95 | 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) | 22.18 | NEUTRAL | The Stochastics value for ATXG is a neutral value. |
| Average True Range in percent/ATR (20) | 19.2 | HIGH VOLATILITY | The high ATR as a percentage value for ATXG suggests high volalility. |
| Average Directional Index/ADX (14) | 57.92 | POSITIVE | The high ADX value value for ATXG suggests a strong 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)
0.6823
+0.02 (+3.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg3.38%
1 Week-7.92%
2 Weeks-22.02%
1 Month11.78%
3 Month-13.41%
6 Month19.7%
12 Month-21.57%
2 Year-89.65%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%19.2%
ATR Inc-10.78%
Range Today0.14
ADR(20)0.13
ADR(20)%18.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.67
Mansfield-0.88
10 Day High1
10 Day Low0.62
20 Day High1.06
20 Day Low0.55
52 Week High1.86
52 Week Low0.49
CS1 End0.65
CR1 Start0.71
Volume & EV
DER(3)-8.62%
DER(5)-11%
Volume1.44M
Volume Incr-75.26%
Vol(5)762.79K
Vol(50)1.32M