By Mill Chart
Last update: Nov 29, 2023
Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether AXCELIS TECHNOLOGIES INC (NASDAQ:ACLS) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but AXCELIS TECHNOLOGIES INC has surfaced on our radar for growth with base formation, warranting further examination.
Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:ACLS boasts a 8 out of 10:
ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NASDAQ:ACLS scores a 8 out of 10:
ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:ACLS was assigned a score of 8 for profitability:
In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:ACLS has a 8 as its setup rating:
Although the technical rating is bad, ACLS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 125.75, a Stop Loss order could be placed below this zone.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
For an up to date full fundamental analysis you can check the fundamental report of ACLS
For an up to date full technical analysis you can check the technical report of ACLS
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
AXCELIS TECHNOLOGIES INC
NASDAQ:ACLS (2/26/2024, 7:17:17 PM)After market: 110.69 0 (0%)
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/PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the fourth quarter and full year ended December 31, 2023....
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