ADDENTAX GROUP CORP (ATXG) Stock Technical Analysis
NASDAQ:ATXG - Nasdaq - US00653L3015 - Common Stock - Currency: USD
We assign a technical rating of 0 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
95% of all other stocks performed better in the past year than ATXG.
ATXG is part of the Air Freight & Logistics industry. There are 22 other stocks in this industry, of which 76% are performing better than ATXG.
ATXG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ATXG has a been trading in the 0.36 - 0.75 range, which is quite wide. It is currently trading near the lows of this range.
ATXG has an average volume of 1625540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
0.43
0.93
We can see 7 important resistance areas.
- Resistance @0.45 from a horizontal line in the daily time frame.
- Resistance @0.59 from a trend line in the weekly time frame.
- Resistance @0.62 from a trend line in the daily time frame.
- Resistance @0.70 from a horizontal line in the daily time frame.
- Resistance @0.74 from a trend line in the daily time frame.
- Resistance @0.77 from a trend line in the weekly time frame.
- Resistance @0.92 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 | 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 | 5.23 | NEGATIVE | ATXG has a low relative strength, it was outperformed by 94.77% 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) | 32.21 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 21.78 | NEUTRAL | The Stochastics value for ATXG is a neutral value. |
| Average True Range in percent/ATR (20) | 13 | HIGH VOLATILITY | The high ATR as a percentage value for ATXG suggests high volalility. |
| Average Directional Index/ADX (14) | 34.82 | 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)
0.433
-0.01 (-2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-2.7%
1 Week6.76%
2 Weeks-27.23%
1 Month-33.61%
3 Month-44.49%
6 Month-57.96%
12 Month-30.17%
2 Year-79.18%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%13%
ATR Inc-15.27%
Range Today0.06
ADR(20)0.06
ADR(20)%12.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.23
Mansfield-4.28
10 Day High0.6
10 Day Low0.36
20 Day High0.75
20 Day Low0.36
52 Week High1.86
52 Week Low0.36
CS1 EndN/A
CR1 Start0.45
Volume & EV
DER(3)-16.05%
DER(5)-11.55%
Volume64.40K
Volume Incr-82.47%
Vol(5)92.70K
Vol(50)1.63M