ACCO BRANDS CORP (ACCO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ACCO - US00081T1088 - Common Stock
Taking everything into account, ACCO scores 1 out of 10 in our technical rating. ACCO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of ACCO 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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3.23
When analyzing the support we notice one important area.
- A support zone ranging from 3.26 to 3.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 3.60 to 3.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.89 from a trend line in the weekly time frame.
- Resistance @4.02 from a trend line in the daily time frame.
- Resistance @4.20 from a horizontal line in the daily time frame.
- Resistance @5.58 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ACCO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACCO is neutral. |
| ChartMill Relative Strength | 12.01 | NEGATIVE | ACCO has a low relative strength, it was outperformed by 87.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.88 | NEUTRAL | The RSI value for ACCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ACCO has a positive trend. |
| Stochastics (14,3) | 88.13 | OVERBOUGHT | The high Stochastics value suggests ACCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ACCO suggests some volalility. |
| Average Directional Index/ADX (14) | 26.2 | POSITIVE | The high ADX value value for ACCO suggests a strong trend. |
3.59
+0.03 (+0.84%)
ACCO BRANDS CORP / ACCO FAQ
What is the ChartMill technical rating of ACCO BRANDS CORP (ACCO) stock?
ChartMill assigns a technical rating of 1 / 10 to ACCO.
What is the trend direction for ACCO stock?
The current trend direction for ACCO BRANDS CORP (ACCO) is Bearish.
What is the RSI signal for ACCO BRANDS CORP (ACCO) stock?
ACCO BRANDS CORP (ACCO) has an RSI value of 52.8833. This indicates that the stock is currently neutral.
What is the MACD signal for ACCO stock?
The MACD indicator for ACCO BRANDS CORP (ACCO) has a value of 0.0448697, indicating a bearish trend.
What are the support and resistance levels for ACCO BRANDS CORP (ACCO) stock?
ACCO BRANDS CORP (ACCO) has a support level at 3.31 and a resistance level at 3.6. Check the full technical report for our detailed analysis of ACCO support and resistance levels.