ADIL Stock Explodes Nearly 91%: Is Adial Pharmaceuticals the Next Big Runner?
Adial Pharmaceuticals (NASDAQ: ADIL) lit up the charts today, soaring +90.98% to close at $0.4698. After weeks of drifting sideways, the stock erupted on massive volume, signaling a potential shift in momentum.
Key Technicals:
Massive Breakout: ADIL surged from a tight base, printing a big green candle that dwarfs recent sessions.
Volume Spike: Volume exploded, confirming genuine interest behind the move.
Resistance Levels: Watch the area around $0.53, which marked today’s high and coincides with the declining short-term moving average.
Support Zones: Initial support lies around $0.31–$0.33, with stronger support near $0.22 if the move retraces.
Volatility Rising: The Average True Range (ATR) has ticked higher, hinting at bigger price swings ahead.
The Bottom Line:
ADIL’s powerful rally is hard to ignore. Whether this is the start of a longer trend or just a one-day wonder depends on follow-through in the coming sessions. Traders should keep a close eye on volume and price action near resistance levels.
Disclosure: This is not financial advice. Always do your own research.