DADA NEXUS LTD-ADR (DADA) Stock Technical Analysis
NASDAQ:DADA - Nasdaq - US23344D1081 - ADR - Currency: USD
We assign a technical rating of 6 out of 10 to DADA. In the last year, DADA was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month DADA has a been trading in the 1.93 - 2.20 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, DADA did better than 85% of all other stocks.
DADA is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 76% of 40 stocks in the same industry.
DADA has an average volume of 3053780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
DADA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DADA is lagging the market.
Considerably lower volume is observed in the last couple of days.
DADA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DADA in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.45
2.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.95 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.83 to 1.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.46 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.97 to 2.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.12 to 2.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.16 to 2.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for DADA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DADA is down. |
| ChartMill Relative Strength | 85.05 | POSITIVE | DADA has a high relative strength, it outperformed 85.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DADA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DADA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DADA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.92 | NEUTRAL | The RSI value for DADA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DADA has a negative trend. |
| Stochastics (14,3) | 20.03 | NEUTRAL | The Stochastics value for DADA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for DADA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.65 | POSITIVE | The high ADX value value for DADA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.01 | 1.94 | 0.07 (3.27%) | 25.00% |
| An entry @2.01. This is a Buy Stop order right above the 10 day moving average. | An exit @1.94. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.07 points, which is 3.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- The distance between exit and entry is rather small compared to the average daily movement of DADA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.96
-0.03 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-1.26%
1 Week-1.51%
2 Weeks-2%
1 Month-3.92%
3 Month5.38%
6 Month45.19%
12 Month41.01%
2 Year-63.09%
3 Year-75.83%
5 Year-91.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%2.92%
ATR Inc-39.95%
Range Today0.05
ADR(20)0.06
ADR(20)%2.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.05
Mansfield1.57
10 Day High2.05
10 Day Low1.93
20 Day High2.2
20 Day Low1.93
52 Week High2.52
52 Week Low1.04
CS1 End1.95
CR1 Start1.97
Volume & EV
DER(3)4.83%
DER(5)-2.3%
Volume4.03M
Volume Incr-22.56%
Vol(5)1.71M
Vol(50)3.05M