AUDC Technical Analysis - AUDIOCODES LTD

Technical Rating and Analysis

Taking everything into account, AUDC scores 0 out of 10 in our technical rating. AUDC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

80% 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. 78% 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 8.83 - 9.90 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AUDIOCODES LTD / AUDC Weekly stock chart

Setup Rating and Analysis

Although the technical rating is bad, AUDC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.81

11.14

We found 1 important support area.

A support zone ranging from 8.90 to 8.95. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 5 important resistance areas.

A resistance zone ranging from 9.27 to 9.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 9.48 to 9.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @10.04 from a trend line in the daily time frame.
Resistance @10.21 from a horizontal line in the weekly time frame.
Resistance @11.03 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for AUDC is down.
ChartMill Relative Strength	20.91	NEGATIVE	AUDC has a low relative strength, it was outperformed by 79.09% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AUDC is below a declining 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)	32.57	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)	7.9	OVERSOLD	The low Stochastics value suggests AUDC may be oversold.
Average True Range in percent/ATR (20)	2.87	MEDIUM VOLATILITY	The ATR as a percentage value for AUDC suggests some volalility.
Average Directional Index/ADX (14)	21.02	NEUTRAL	The ADX value for AUDC suggests a possible start of a new trend.