ADAPTIVE BIOTECHNOLOGIES - Daily - Technical analysis published on 03/31/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 26.91 USD
My targets
29.93 USD (+7.36%)
32.40 USD (+16.21%)
My analysis
The strong short-term increase in ADAPTIVE BIOTECHNOLOGIES calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 26.91 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 29.93 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 32.40 USD as an objective. Crossing it would then enable buyers to target 40.43 USD. Caution, a return under 26.91 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ADAPTIVE BIOTECHNOLOGIES rating 27.88 USD. On the day, this instrument gained +2.80% with the lowest point at 27.29 USD and the highest point at 28.21 USD. The deviation from the price is +2.16% for the low point and -1.17% for the high point.27.29
28.21
27.88
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Daily chart of ADAPTIVE BIOTECHNOLOGIES indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16.96 | 26.91 | 27.88 | 32.40 | 40.43 | 47.81 |
| Change (%) | -39.17% | -3.48% | - | +16.21% | +45.01% | +71.48% |
| Change | -10.92 | -0.97 | - | +4.52 | +12.55 | +19.93 |
| Level | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.32 | 23.51 | 25.31 | 26.50 | 28.30 | 29.49 | 31.29 |
| Camarilla | 26.30 | 26.57 | 26.85 | 27.12 | 27.39 | 27.67 | 27.94 |
| Woodie | 22.64 | 23.66 | 25.63 | 26.65 | 28.62 | 29.64 | 31.61 |
| Fibonacci | 23.51 | 24.65 | 25.35 | 26.50 | 27.64 | 28.34 | 29.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.85 | 17.51 | 21.44 | 24.10 | 28.03 | 30.69 | 34.62 |
| Camarilla | 23.57 | 24.17 | 24.78 | 25.38 | 25.98 | 26.59 | 27.19 |
| Woodie | 15.50 | 17.83 | 22.09 | 24.42 | 28.68 | 31.01 | 35.27 |
| Fibonacci | 17.51 | 20.02 | 21.58 | 24.10 | 26.61 | 28.17 | 30.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.77 | 22.43 | 25.27 | 29.93 | 32.77 | 37.43 | 40.27 |
| Camarilla | 26.04 | 26.73 | 27.41 | 28.10 | 28.79 | 29.48 | 30.16 |
| Woodie | 16.85 | 21.98 | 24.35 | 29.48 | 31.85 | 36.98 | 39.35 |
| Fibonacci | 22.43 | 25.30 | 27.07 | 29.93 | 32.80 | 34.57 | 37.43 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.28 | |
| MACD (12,26,9): | -0.3500 | |
| Directional Movement: | 4.60 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 23.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.42 | |
| Elder Ray (13): | 3.04 | |
| Super Trend (3,10): | 20.15 | |
| Zig ZAG (10): | 27.68 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 93.26 | |
| TEMA (21): | 24.64 | |
| Williams %R (14): | -2.47 | |
| Chande Momentum Oscillator (20): | 8.10 | |
| Repulse (5,40,3): | 11.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.8600 | |
| Courbe Coppock: | 24.54 |
| MA7: | 25.37 | |
| MA20: | 23.46 | |
| MA50: | 27.54 | |
| MA100: | 28.31 | |
| MAexp7: | 25.57 | |
| MAexp20: | 24.80 | |
| MAexp50: | 26.50 | |
| MAexp100: | 28.53 | |
| Price / MA7: | +9.89% | |
| Price / MA20: | +18.84% | |
| Price / MA50: | +1.23% | |
| Price / MA100: | -1.52% | |
| Price / MAexp7: | +9.03% | |
| Price / MAexp20: | +12.42% | |
| Price / MAexp50: | +5.21% | |
| Price / MAexp100: | -2.28% |
News
The latest news and videos published on ADAPTIVE BIOTECHNOLOGIES at the time of the analysis were as follows:
- Adaptive Biotechnologies Reports Fourth Quarter and Full Year 2019 Financial Results
- Adaptive Biotechnologies to Present at the 40th Annual Cowen Health Care Conference
- Adaptive Biotechnologies to Report Fourth Quarter and Full Year 2019 Financial Results on February 26, 2020
- Adaptive Announces Pricing of Public Offering of Common Stock
This member declared not having a position on this financial instrument or a related financial instrument.
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