ADDENTAX GROUP CORP (ATXG) Stock Technical Analysis
NASDAQ:ATXG - US00653L3015 - Common Stock
0.5601 USD
-0.02 (-3.43%)
0.5849 USD
+0.02 (+4.43%)
Taking everything into account, ATXG scores 2 out of 10 in our technical rating. In the past year, ATXG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ATXG is a bad performer in the overall market: 89% of all stocks are doing better.
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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month ATXG has a been trading in the 0.40 - 0.61 range, which is quite wide. It is currently trading near the high of this range.
ATXG has an average volume of 1086940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ATXG is an average performer in the Air Freight & Logistics industry, it outperforms 40% of 23 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
0.55
0.95
We can see 5 important resistance areas.
- Resistance @0.58 from a horizontal line in the daily time frame.
- Resistance @0.68 from a trend line in the daily time frame.
- Resistance @0.73 from a trend line in the weekly time frame.
- Resistance @0.92 from a horizontal line in the daily time frame.
- Resistance @0.94 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 | DOWN | NEGATIVE | The long term trend for ATXG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATXG is up. |
| ChartMill Relative Strength | 11.29 | NEGATIVE | ATXG has a low relative strength, it was outperformed by 88.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATXG is above 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) | DOWN | NEGATIVE | The current price of ATXG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.6 | NEUTRAL | The RSI value for ATXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ATXG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.19 | OVERBOUGHT | The high Stochastics value suggests ATXG may be overbought. |
| Average True Range in percent/ATR (20) | 7.91 | HIGH VOLATILITY | The high ATR as a percentage value for ATXG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.19 | 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)
0.5601
-0.02 (-3.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-3.43%
1 Week11.06%
2 Weeks17.92%
1 Month38.09%
3 Month-37.77%
6 Month-37.77%
12 Month1.93%
2 Year-73.07%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%7.91%
ATR Inc-29.7%
Range Today0.02
ADR(20)0.04
ADR(20)%7.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.29
Mansfield-2.59
10 Day High0.61
10 Day Low0.44
20 Day High0.61
20 Day Low0.4
52 Week High1.86
52 Week Low0.36
CS1 EndN/A
CR1 Start0.58
Volume & EV
DER(3)-0.43%
DER(5)5.46%
Volume106.80K
Volume Incr31.35%
Vol(5)229.84K
Vol(50)1.09M