Adagene Stock Technical Analysis


USD 1.13  0.05  4.63%   

As of the 9th of December, Adagene shows the risk adjusted performance of (0.09), and Mean Deviation of 3.55. Adagene technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Adagene, which can be compared to its rivals. Please confirm Adagene mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and information ratio to decide if Adagene is priced correctly, providing market reflects its regular price of 1.13 per share. Given that Adagene is a hitting penny stock territory we recommend to closely look at its total risk alpha.

Adagene Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Adagene, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Adagene
Adagene's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Adagene Analyst Consensus

Target PriceAdvice# of Analysts
Adagene current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Adagene analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Adagene stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Adagene, talking to its executives and customers, or listening to Adagene conference calls.
Adagene Analyst Advice Details
Adagene technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Adagene technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Adagene trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Adagene Technical Analysis

Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Adagene volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Adagene Trend Analysis

Use this graph to draw trend lines for Adagene. You can use it to identify possible trend reversals for Adagene as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Adagene price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Adagene Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Adagene applied against its price change over selected period. The best fit line has a slop of   -0.0068  , which may suggest that Adagene market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.73, which is the sum of squared deviations for the predicted Adagene price change compared to its average price change.

About Adagene Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Adagene on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Adagene based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Adagene price pattern first instead of the macroeconomic environment surrounding Adagene. By analyzing Adagene's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Adagene's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Adagene specific price patterns or momentum indicators. Please read more on our technical analysis page.

Adagene December 9, 2022 Technical Indicators

Most technical analysis of Adagene help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Adagene from various momentum indicators to cycle indicators. When you analyze Adagene charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Adagene December 9, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Adagene stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please continue to Trending Equities. Note that the Adagene information on this page should be used as a complementary analysis to other Adagene's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Adagene Stock analysis

When running Adagene price analysis, check to measure Adagene's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Adagene is operating at the current time. Most of Adagene's value examination focuses on studying past and present price action to predict the probability of Adagene's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Adagene's price. Additionally, you may evaluate how the addition of Adagene to your portfolios can decrease your overall portfolio volatility.
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Is Adagene's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Adagene. If investors know Adagene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Adagene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
48.9 M
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Adagene is measured differently than its book value, which is the value of Adagene that is recorded on the company's balance sheet. Investors also form their own opinion of Adagene's value that differs from its market value or its book value, called intrinsic value, which is Adagene's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Adagene's market value can be influenced by many factors that don't directly affect Adagene's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Adagene's value and its price as these two are different measures arrived at by different means. Investors typically determine Adagene value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adagene's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.