PROFRAC HOLDING CORP-A (ACDC) Stock Technical Analysis
NASDAQ:ACDC - Nasdaq - US74319N1000 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ACDC. Recently some decent action could be observed, but in the medium term time frame this is still negative. ACDC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ACDC is a bad performer in the overall market: 76% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ACDC is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 72% of 63 stocks in the same industry.
In the last month ACDC has a been trading in the 3.83 - 7.27 range, which is quite wide. It is currently trading near the high of this range.
ACDC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACDC is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ACDC has an average technical rating and it also does not offer a high 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.
More info and screens
7.16
8.61
We can see 3 important resistance areas.
- Resistance @7.68 from a trend line in the daily time frame.
- Resistance @7.98 from a trend line in the weekly time frame.
- Resistance @8.52 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 | NEUTRAL | NEUTRAL | The long term trend for ACDC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACDC is up. |
| ChartMill Relative Strength | 24.65 | NEGATIVE | ACDC has a low relative strength, it was outperformed by 75.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACDC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACDC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACDC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.59 | NEUTRAL | The RSI value for ACDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests ACDC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.91 | OVERBOUGHT | The high Stochastics value suggests ACDC may be overbought. |
| Average True Range in percent/ATR (20) | 7.41 | HIGH VOLATILITY | The high ATR as a percentage value for ACDC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.96 | NEUTRAL | The ADX value for ACDC suggests a possible start of a new 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)
7.23
+0.24 (+3.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.36%
1 Week11.4%
2 Weeks27.07%
1 Month57.52%
3 Month0.56%
6 Month-20.29%
12 Month-24.84%
2 Year-35.56%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%7.41%
ATR Inc5.62%
Range Today0.44
ADR(20)0.51
ADR(20)%7.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.65
Mansfield0.08
10 Day High7.27
10 Day Low5.56
20 Day High7.27
20 Day Low3.83
52 Week High9.69
52 Week Low3.83
CS1 EndN/A
CR1 Start7.68
Volume & EV
DER(3)5.56%
DER(5)4.96%
Volume741.90K
Volume Incr-13.58%
Vol(5)881.38K
Vol(50)867.83K