PROFRAC HOLDING CORP-A (ACDC) Stock Technical Analysis
NASDAQ:ACDC - Nasdaq - US74319N1000 - Common Stock - Currency: USD
Overall ACDC gets a technical rating of 7 out of 10. In the last year, ACDC was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ACDC is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry. ACDC outperforms 90% of them.
Looking at the yearly performance, ACDC did better than 86% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
ACDC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACDC is lagging the market.
In the last month ACDC has a been trading in the 7.15 - 9.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ACDC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.43, a Stop Loss order could be placed below this zone.
More info and screens
7.27
9.72
When analyzing the support we notice one important area.
- A support zone ranging from 7.34 to 7.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.96 to 8.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.28 from a trend line in the weekly time frame.
- Resistance @9.62 from a horizontal 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 | UP | POSITIVE | The long term trend for ACDC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACDC is neutral. |
| ChartMill Relative Strength | 86.61 | POSITIVE | ACDC has a high relative strength, it outperformed 86.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACDC is below a declining 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) | 49.85 | NEUTRAL | The RSI value for ACDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ACDC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.2 | NEUTRAL | The Stochastics value for ACDC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.97 | HIGH VOLATILITY | The high ATR as a percentage value for ACDC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.34 | NEGATIVE | The low ADX value for ACDC 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)
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 |
|---|---|---|---|
| 8.11 | 7.33 | 0.78 (9.62%) | 10.40% |
| An entry @8.11. This is a Buy Stop order right above the resistance zone. | An exit @7.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.78 points, which is 9.62%. | For a 1.00% total portfolio risk, you can invest 10.40% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ACDC. Please evaluate whether better entry and exit points can be found.
- 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.
7.93
-0.16 (-1.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.98%
1 Week-0.5%
2 Weeks6.59%
1 Month-17.57%
3 Month61.84%
6 Month-11%
12 Month5.31%
2 Year-38.38%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%7.97%
ATR Inc-35.72%
Range Today0.38
ADR(20)0.61
ADR(20)%7.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.61
Mansfield0.35
10 Day High8.31
10 Day Low7.15
20 Day High9.78
20 Day Low7.15
52 Week High10.7
52 Week Low3.83
CS1 End7.43
CR1 Start7.96
Volume & EV
DER(3)-1.99%
DER(5)-1.53%
Volume251.90K
Volume Incr-59.6%
Vol(5)329.68K
Vol(50)940.53K