ACCO BRANDS CORP (ACCO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ACCO - US00081T1088 - Common Stock
Overall ACCO gets a technical rating of 2 out of 10. In the past year, ACCO 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.
ACCO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 3.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ACCO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.23
We found 3 important support areas.
- A support zone ranging from 3.66 to 3.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.37 to 3.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We can see 3 important resistance areas.
- Resistance @3.79 from a trend line in the daily time frame.
- A resistance zone ranging from 4.15 to 4.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.54 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 | UP | POSITIVE | The short term trend for ACCO is up. |
| ChartMill Relative Strength | 17.27 | NEGATIVE | ACCO has a low relative strength, it was outperformed by 82.73% 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 | MIXED | The current price of ACCO is above 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) | 56.21 | NEUTRAL | The RSI value for ACCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ACCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.99 | NEUTRAL | The Stochastics value for ACCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for ACCO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.68 | NEGATIVE | The low ADX value for ACCO suggests a weak or negative trend. |
3.75
+0.02 (+0.54%)
ACCO BRANDS CORP / ACCO FAQ
What is the ChartMill technical rating of ACCO BRANDS CORP (ACCO) stock?
ChartMill assigns a technical rating of 2 / 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 56.2128. 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 0.00251311, 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 3.75 and a resistance level at 3.79. Check the full technical report for our detailed analysis of ACCO support and resistance levels.