AUDIOCODES LTD (AUDC) Stock Technical Analysis
NASDAQ:AUDC - Nasdaq - IL0010829658 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to AUDC. Recently some decent action could be observed, but in the medium term time frame this is still negative. AUDC was also a bad performer in the overall market in the last year.
73% of all other stocks performed better in the past year than AUDC.
AUDC is one of the lesser performing stocks in the Communications Equipment industry. 74% of 48 stocks in the same industry do better.
In the last month AUDC has a been trading in the 8.89 - 11.50 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
AUDC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AUDC is lagging the market slightly.
Although the technical rating is only medium, AUDC 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 9.67, a Stop Loss order could be placed below this zone.
More info and screens
8.37
11.53
4 important support areas can be observed.
- A support zone ranging from 9.60 to 9.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.18 from a trend line in the daily time frame.
- A support zone ranging from 8.77 to 8.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.45 to 8.46. 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 10.34 to 10.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.69 to 10.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.42 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 AUDC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AUDC is neutral. |
| ChartMill Relative Strength | 27.25 | NEGATIVE | AUDC has a low relative strength, it was outperformed by 72.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AUDC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AUDC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AUDC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.49 | NEUTRAL | The RSI value for AUDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests AUDC has a negative trend. |
| Stochastics (14,3) | 41 | NEUTRAL | The Stochastics value for AUDC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.26 | HIGH VOLATILITY | The high ATR as a percentage value for AUDC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.52 | NEUTRAL | The ADX value for AUDC suggests a possible start of a new 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)
9.68
-0.34 (-3.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-3.39%
1 Week-7.55%
2 Weeks-5.84%
1 Month0.41%
3 Month2.33%
6 Month-4.63%
12 Month-10.29%
2 Year-6.38%
3 Year-56.49%
5 Year-69.14%
10 Year185.55%
15 Year272.31%
Volatility
ATR(14)0.64
ATR(20)%5.26%
ATR Inc-27.41%
Range Today0.45
ADR(20)0.48
ADR(20)%4.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.25
Mansfield-0.69
10 Day High11.12
10 Day Low9.35
20 Day High11.5
20 Day Low8.89
52 Week High12.72
52 Week Low7.7
CS1 End9.67
CR1 Start10.34
Volume & EV
DER(3)-2.6%
DER(5)-3.66%
Volume134.60K
Volume Incr12.37%
Vol(5)182.98K
Vol(50)108.69K