ACADIA PHARMACEUTICALS INC (ACAD) Stock Technical Analysis
NASDAQ:ACAD • US0042251084
Taking everything into account, ACAD scores 0 out of 10 in our technical rating. ACAD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, ACAD is a bad performer in the overall market: 67% of all stocks are doing better.
- In the last month ACAD has a been trading in the 21.51 - 27.81 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ACAD has an average volume of 1360560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ACAD is part of the Biotechnology industry. There are 523 other stocks in this industry, ACAD did better than 53% of them.
- ACAD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACAD is lagging the market.
The technical rating of ACAD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.20
3 important support areas can be observed.
- Support @21.71 from a horizontal line in the daily time frame.
- A support zone ranging from 20.06 to 20.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.34 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @27.44 from a horizontal line in the daily time frame.
- Resistance @28.06 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ACAD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACAD is down. |
| ChartMill Relative Strength | 33.7 | NEUTRAL | ACAD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACAD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACAD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ACAD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.44 | OVERSOLD | The low RSI value suggests ACAD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests ACAD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.5 | OVERSOLD | The low Stochastics value suggests ACAD may be oversold. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for ACAD suggests some volalility. |
| Average Directional Index/ADX (14) | 29.24 | POSITIVE | The high ADX value value for ACAD suggests a strong trend. |
22.03
+0.42 (+1.94%)
ACADIA PHARMACEUTICALS INC / ACAD FAQ
What is the technical rating for ACAD stock?
ChartMill assigns a technical rating of 0 / 10 to ACAD.
What is the current trend direction of ACADIA PHARMACEUTICALS INC (ACAD) stock?
The current trend direction for ACADIA PHARMACEUTICALS INC (ACAD) is Bearish.
Can you provide the RSI signal for ACADIA PHARMACEUTICALS INC?
ACADIA PHARMACEUTICALS INC (ACAD) has an RSI value of 29.4425. This indicates that the stock is currently oversold.
What is the short term momentum for ACADIA PHARMACEUTICALS INC (ACAD) stock?
The short term momentum for ACADIA PHARMACEUTICALS INC (ACAD) is negative.
What is the support and resistance level for ACAD stock?
ACADIA PHARMACEUTICALS INC (ACAD) has a support level at 20.06 and a resistance level at 21.62. Check the full technical report for our detailed analysis of ACAD support and resistance levels.