ACC Technical Analysis - AKER CARBON CAPTURE ASA

Technical Rating and Analysis

Taking everything into account, ACC scores 3 out of 10 in our technical rating. In the past year, ACC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, ACC is a bad performer in the overall market: 100% of all stocks are doing better.

ACC is one of the lesser performing stocks in the Commercial Services & Supplies industry. 85% of 42 stocks in the same industry do better.

ACC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

ACC has an average volume of 11210400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month ACC has a been trading in the 0.15 - 0.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AKER CARBON CAPTURE ASA / ACC Weekly stock chart

AKER CARBON CAPTURE ASA / ACC Daily stock chart

Setup Rating and Analysis

The technical rating of ACC 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.14

0.20

2 important support areas can be observed.

A support zone ranging from 0.19 to 0.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.14 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for ACC.OL is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ACC.OL is neutral.
ChartMill Relative Strength	0.56	NEGATIVE	ACC.OL has a low relative strength, it was outperformed by 99.44% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ACC.OL is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ACC.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ACC.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.58	NEUTRAL	The RSI value for ACC.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests ACC.OL has a negative trend.
Stochastics (14,3)	27.47	NEUTRAL	The Stochastics value for ACC.OL is a neutral value.
Average True Range in percent/ATR (20)	27.52	HIGH VOLATILITY	The high ATR as a percentage value for ACC.OL suggests high volalility.
Average Directional Index/ADX (14)	42.55	POSITIVE	The high ADX value value for ACC.OL suggests a strong trend.