Technical Analysis for ADRA - Adara Acquisition Corp Cl A
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 4.0000 | -1.72% | -0.0700 |
ADRA closed down 1.72 percent on Friday, March 17, 2023, on 2.77 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | N/A | N/A | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 20 DMA Resistance | Bearish | 0.00% | |
| Shooting Star Candlestick | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Calm After Storm | Range Contraction | 0.00% | |
| Wide Range Bar | Range Expansion | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Shooting Star Candlestick | Bearish | -1.72% |
Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App
| Alert | Time |
|---|---|
| Fell Below Lower Bollinger Band | 3 days ago |
| Down 5% | 3 days ago |
| Down 3% | 3 days ago |
| Down 1% | 3 days ago |
| Down 2% | 3 days ago |
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As of February 10, 2023, Adara Acquisition Corp. was acquired by Alliance Entertainment Holding Corporation, in a reverse merger transaction. Adara Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on searching for businesses in the consumer products industry and related sectors, including those consumer industry businesses in the health and wellness, e-commerce, discretionary spending, and information technology sectors and related channels of distribution. The company was incorporated in 2020 and is based in Charlotte, North Carolina.
Keywords: Information Technology Corporate Finance E Commerce Mergers And Acquisitions Human Resource Management General Electric Corporations Reverse Takeover
Classification
Keywords: Information Technology Corporate Finance E Commerce Mergers And Acquisitions Human Resource Management General Electric Corporations Reverse Takeover
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 9.302 |
| 52 Week Low | 3.0 |
| Average Volume | 19,906 |
| 200-Day Moving Average | 0.0000 |
| 50-Day Moving Average | 0.0000 |
| 20-Day Moving Average | 4.3915 |
| 10-Day Moving Average | 4.3070 |
| Average True Range | 2.0686 |
| RSI | 50.25 |
| ADX | 0.0 |
| +DI | 42.6154 |
| -DI | 8.0059 |
| Chandelier Exit (Long, 3 ATRs) | 3.0962 |
| Chandelier Exit (Short, 3 ATRs) | 9.2058 |
| Upper Bollinger Bands | 5.2221 |
| Lower Bollinger Band | 3.5609 |
| Percent B (%b) | 0.26 |
| BandWidth | 37.8276 |
| MACD Line | -0.1316 |
| MACD Signal Line | -0.0504 |
| MACD Histogram | -0.0812 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 11.9530 | ||||
| Resistance 3 (R3) | 12.8367 | 11.0693 | 10.6275 | ||
| Resistance 2 (R2) | 11.0693 | 9.0440 | 10.6275 | 10.1853 | |
| Resistance 1 (R1) | 7.5347 | 7.7927 | 6.6510 | 6.6510 | 9.7437 |
| Pivot Point | 5.7673 | 5.7673 | 5.3255 | 5.3255 | 5.7673 |
| Support 1 (S1) | 2.2327 | 3.7420 | 1.3490 | 1.3490 | -1.7437 |
| Support 2 (S2) | 0.4653 | 2.4907 | 0.0235 | -2.1853 | |
| Support 3 (S3) | -3.0693 | 0.4653 | -2.6275 | ||
| Support 4 (S4) | -3.9530 |
