QH9 Technical Analysis - ADTRAN INC

Technical Rating and Analysis

Taking everything into account, QH9 scores 5 out of 10 in our technical rating. In the last year, QH9 was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

Warning: QH9 has an average volume of 7065 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

Looking at the yearly performance, QH9 did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

QH9 is part of the Communications Equipment industry. There are 29 other stocks in this industry, QH9 did better than 64% of them.

QH9 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so QH9 is lagging the market.

In the last month QH9 has a been trading in the 7.27 - 8.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

QH9 has an average technical rating and the quality of the presented setup is also not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.04

8.96

3 important support areas can be observed.

A support zone ranging from 7.75 to 7.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 7.46 to 7.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.11 from a horizontal line in the daily time frame.

We can see 4 important resistance areas.

Resistance @8.09 from a trend line in the weekly time frame.
Resistance @8.35 from a trend line in the daily time frame.
Resistance @8.66 from a horizontal line in the weekly time frame.
A resistance zone ranging from 8.83 to 8.87. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for QH9.DE is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for QH9.DE is neutral.
ChartMill Relative Strength	83.71	POSITIVE	QH9.DE has a high relative strength, it outperformed 83.71% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of QH9.DE is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of QH9.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of QH9.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	53.6	NEUTRAL	The RSI value for QH9.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests QH9.DE has a positive trend.
Stochastics (14,3)	79.85	NEUTRAL	The Stochastics value for QH9.DE is a neutral value.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for QH9.DE suggests some volalility.
Average Directional Index/ADX (14)	12.58	NEGATIVE	The low ADX value for QH9.DE suggests a weak or negative trend.