AUDIOCODES LTD (AUDC) Technical Analysis
NASDAQ:AUDC • IL0010829658
Taking everything into account, AUDC scores 1 out of 10 in our technical rating. AUDC'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, AUDC is a bad performer in the overall market: 83% of all stocks are doing better.
- AUDC is one of the lesser performing stocks in the Communications Equipment industry. 82% of 48 stocks in the same industry do better.
- AUDC 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 AUDC has a been trading in the 6.95 - 7.97 range, which is quite wide. It is currently trading near the high of this range.
- 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 AUDC 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
6.95
We found 1 important support area.
- A support zone ranging from 7.02 to 7.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.97 to 8.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.31 from a trend line in the daily time frame.
- A resistance zone ranging from 8.57 to 8.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.00 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 AUDC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AUDC is neutral. |
| ChartMill Relative Strength | 17.02 | NEGATIVE | AUDC has a low relative strength, it was outperformed by 82.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AUDC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AUDC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AUDC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.34 | NEUTRAL | The RSI value for AUDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests AUDC has a positive trend. |
| Stochastics (14,3) | 81.95 | OVERBOUGHT | The high Stochastics value suggests AUDC may be overbought. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for AUDC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.89 | POSITIVE | The high ADX value value for AUDC suggests a strong trend. |
AUDC Technicals: Chart, Performance Metrics, Trend & Indicators
7.96
+0.34 (+4.39%)
AUDIOCODES LTD / AUDC FAQ
What is the ChartMill technical rating of AUDIOCODES LTD (AUDC) stock?
ChartMill assigns a technical rating of 1 / 10 to AUDC.
What is the current trend direction of AUDIOCODES LTD (AUDC) stock?
The current trend direction for AUDIOCODES LTD (AUDC) is Bearish.
What is the RSI signal for AUDIOCODES LTD (AUDC) stock?
AUDIOCODES LTD (AUDC) has an RSI value of 56.3355. This indicates that the stock is currently neutral.
What are the support and resistance levels for AUDIOCODES LTD (AUDC) stock?
AUDIOCODES LTD (AUDC) has a support level at 7.13 and a resistance level at 7.97. Check the full technical report for our detailed analysis of AUDC support and resistance levels.