ACCO BRANDS CORP (ACCO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ACCO • US00081T1088
Taking everything into account, ACCO scores 7 out of 10 in our technical rating. Although ACCO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 66% of all other stocks performed better in the past year than ACCO.
- The long and short term trends are both positive. This is looking good!
- In the last month ACCO has a been trading in the 3.79 - 4.15 range, which is quite wide. It is currently trading near the high of this range.
- ACCO is an average performer in the Commercial Services & Supplies industry, it outperforms 50% of 80 stocks in the same industry.
- ACCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACCO is lagging the market.
ACCO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.98, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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2 important support areas can be observed.
- A support zone ranging from 3.80 to 3.98. 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.
We found 1 important resistance area.
- 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.
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 | UP | POSITIVE | The long term trend for ACCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACCO is up. |
| ChartMill Relative Strength | 34.77 | NEUTRAL | ACCO is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ACCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.23 | NEUTRAL | The RSI value for ACCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ACCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.94 | NEUTRAL | The Stochastics value for ACCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for ACCO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.88 | NEUTRAL | The ADX value for ACCO suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.22 | 3.81 | 0.41 (9.83%) | 10.17% |
| An entry @4.22. This is a Buy Stop order right above the resistance zone. | An exit @3.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.41 points, which is 9.83%. | For a 1.00% total portfolio risk, you can invest 10.17% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.06
+0.05 (+1.25%)
ACCO BRANDS CORP / ACCO FAQ
What is the ChartMill technical rating of ACCO BRANDS CORP (ACCO) stock?
ChartMill assigns a technical rating of 7 / 10 to ACCO.
Can you provide the trend direction for ACCO BRANDS CORP?
The current trend direction for ACCO BRANDS CORP (ACCO) is Bullish.
What is the RSI signal for ACCO BRANDS CORP (ACCO) stock?
ACCO BRANDS CORP (ACCO) has an RSI value of 60.2347. This indicates that the stock is currently neutral.
What is the short term momentum for ACCO stock?
The short term momentum for ACCO BRANDS CORP (ACCO) is positive.
Can you provide the support and resistance levels for ACCO BRANDS CORP?
ACCO BRANDS CORP (ACCO) has a support level at 3.98 and a resistance level at 4.15. Check the full technical report for our detailed analysis of ACCO support and resistance levels.