Adeia Inc. (ADEA)

Adeia Inc. is trading at $28.68, down 3.34% on the session. The 50 day average sits at $29.04 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 56, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $28.93 with resistance near $32.20, so that band frames the current range. Average daily movement is roughly $1.72, or about 6.0% of the share price, which is what any stop placement has to allow for. The overall health score of 64 out of 100 combines a trend score of 52, momentum of 88 and a risk score of 48.

Adeia Inc., together with its subsidiaries, operates as a media and semiconductor intellectual property licensing platform company in the United States, Asia, Canada, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers, such as subscription video-on-demand and free advertising-supported streaming service providers, providers that offer online services and devices that enable internet streaming and downloading of movies, television shows, music and other types of media content, as well as content providers, networks, and media companies. It also licenses consumer electronics manufacturers, which includes producers of smart televisions, streaming media devices, video game consoles, mobile devices, content storage devices, and other connected media devices; semiconductors, including providers of memory, logic, sensors, and radio frequency devices; and social media companies that allow users to stream and upload user-generated content. The company licenses its intellectual properties under the Adeia brand. The company was formerly known as Xperi Holding Corporation and changed its name to Adeia Inc. The company was incorporated in 2019 and is headquartered in San Jose, California.