ACCO BRANDS CORP (ACCO) Stock Technical Analysis
NYSE:ACCO - New York Stock Exchange, Inc. - US00081T1088 - Common Stock - Currency: USD
Taking everything into account, ACCO scores 0 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
86% of all other stocks performed better in the past year than ACCO.
ACCO is one of the lesser performing stocks in the Commercial Services & Supplies industry. 74% of 83 stocks in the same industry do better.
ACCO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ACCO has a been trading in the 3.43 - 3.94 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, ACCO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
3.42
5.89
When analyzing the support we notice one important area.
- A support zone ranging from 3.45 to 3.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 3.73 to 3.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.90 to 3.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.15 from a trend line in the weekly time frame.
- Resistance @4.59 from a trend line in the daily time frame.
- Resistance @5.83 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 | 14.45 | NEGATIVE | ACCO has a low relative strength, it was outperformed by 85.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ACCO is above a declining 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) | 49.84 | NEUTRAL | The RSI value for ACCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ACCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.33 | NEUTRAL | The Stochastics value for ACCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for ACCO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.18 | NEGATIVE | The low ADX value for ACCO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.72
-0.05 (-1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-1.33%
1 Week0.54%
2 Weeks3.62%
1 Month-3.63%
3 Month-17.7%
6 Month-36.84%
12 Month-20.51%
2 Year-28.6%
3 Year-43.03%
5 Year-47.61%
10 Year-52.12%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%3.08%
ATR Inc-31.41%
Range Today0.07
ADR(20)0.1
ADR(20)%2.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.45
Mansfield-2.68
10 Day High3.88
10 Day Low3.43
20 Day High3.94
20 Day Low3.43
52 Week High6.44
52 Week Low3.41
CS1 End3.46
CR1 Start3.73
Volume & EV
DER(3)-3.47%
DER(5)-1.14%
Volume660.60K
Volume Incr-19.14%
Vol(5)656.04K
Vol(50)793.51K