ADTRAN HOLDINGS INC. - Daily - Technical analysis published on 08/28/2019 (GMT)
- Who voted?
- 298
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 10.43 USD
My targets
9.29 USD (-8.08%)
7.48 USD (-26.04%)
My analysis
The bearish trend is currently very strong for ADTRAN INC.. As long as the price remains below the resistance at 10.43 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.48 USD as an objective. Crossing it would then enable sellers to target 3.92 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADTRAN INC. rating is 10.11 USD. On the day, this instrument lost -1.65% and was between 10.03 USD and 10.40 USD. This implies that the price is at +0.80% from its lowest and at -2.79% from its highest.10.03
10.40
10.11
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ADTRAN INC.:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ADTRAN INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 10.11 | 10.43 | 11.06 | 13.95 |
| Change (%) | - | +3.17% | +9.40% | +37.98% |
| Change | - | +0.32 | +0.95 | +3.84 |
| Level | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.75 | 9.91 | 10.09 | 10.26 | 10.44 | 10.60 | 10.79 |
| Camarilla | 10.19 | 10.22 | 10.25 | 10.28 | 10.31 | 10.34 | 10.38 |
| Woodie | 9.76 | 9.92 | 10.11 | 10.26 | 10.45 | 10.61 | 10.80 |
| Fibonacci | 9.91 | 10.04 | 10.12 | 10.26 | 10.39 | 10.47 | 10.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.97 | 9.57 | 9.91 | 10.51 | 10.85 | 11.45 | 11.79 |
| Camarilla | 9.99 | 10.08 | 10.16 | 10.25 | 10.34 | 10.42 | 10.51 |
| Woodie | 8.84 | 9.51 | 9.78 | 10.45 | 10.72 | 11.39 | 11.66 |
| Fibonacci | 9.57 | 9.93 | 10.15 | 10.51 | 10.87 | 11.09 | 11.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.92 | 7.48 | 9.29 | 12.85 | 14.66 | 18.22 | 20.03 |
| Camarilla | 9.63 | 10.13 | 10.62 | 11.11 | 11.60 | 12.09 | 12.59 |
| Woodie | 3.06 | 7.04 | 8.43 | 12.41 | 13.80 | 17.78 | 19.17 |
| Fibonacci | 7.48 | 9.53 | 10.80 | 12.85 | 14.90 | 16.17 | 18.22 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 26.78 | |
| MACD (12,26,9): | -0.6700 | |
| Directional Movement: | -24.53 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 10.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.29 | |
| Elder Ray (13): | -0.49 | |
| Super Trend (3,10): | 11.39 | |
| Zig ZAG (10): | 10.11 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 9.67 | |
| TEMA (21): | 10.19 | |
| Williams %R (14): | -93.98 | |
| Chande Momentum Oscillator (20): | -0.92 | |
| Repulse (5,40,3): | -6.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9100 | |
| Courbe Coppock: | 9.43 |
| MA7: | 10.58 | |
| MA20: | 10.83 | |
| MA50: | 12.97 | |
| MA100: | 14.55 | |
| MAexp7: | 10.47 | |
| MAexp20: | 11.02 | |
| MAexp50: | 12.43 | |
| MAexp100: | 13.51 | |
| Price / MA7: | -4.44% | |
| Price / MA20: | -6.65% | |
| Price / MA50: | -22.05% | |
| Price / MA100: | -30.52% | |
| Price / MAexp7: | -3.44% | |
| Price / MAexp20: | -8.26% | |
| Price / MAexp50: | -18.66% | |
| Price / MAexp100: | -25.17% |
News
Don"t forget to follow the news on ADTRAN INC.. At the time of publication of this analysis, the latest news was as follows:
- ADTRAN Powers Innovative Utility Application
- Bragar Eagel & Squire, P.C. is Investigating ADTRAN, Inc. (NASDAQ: ADTN) on Behalf of Stockholders and Encourages ADTRAN Investors to Contact the Firm
- Bragar Eagel & Squire, P.C. is Investigating ADTRAN, Inc. (NASDAQ: ADTN) on Behalf of Stockholders and Encourages ADTRAN Investors to Contact the Firm
- Hagens Berman Investigating ADTRAN (ADTN) Inventory Accounting, Investors With Losses Should Contact Firm
- SmartRG Upgrades Wi-Fi Mess to Mesh with Intellifi Carrier-Grade Whole Home Wi-Fi Solution
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ADTRAN HOLDINGS INC. - Daily