PROFRAC HOLDING CORP-A (ACDC) Stock Technical Analysis
NASDAQ:ACDC - Nasdaq - US74319N1000 - Common Stock - Currency: USD
Taking everything into account, ACDC scores 0 out of 10 in our technical rating. ACDC 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ACDC is a bad performer in the overall market: 64% of all stocks are doing better.
In the last month ACDC has a been trading in the 5.88 - 8.44 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ACDC is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry, ACDC did better than 63% of them.
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.
The technical rating of ACDC is bad and it also does not present a 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
6.02
9.72
2 important support areas can be observed.
- Support @6.30 from a horizontal line in the weekly time frame.
- Support @6.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | DOWN | NEGATIVE | The long term trend for ACDC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACDC is down. |
| ChartMill Relative Strength | 36.29 | NEUTRAL | ACDC is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of ACDC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ACDC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.03 | NEUTRAL | The RSI value for ACDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ACDC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.41 | OVERSOLD | The low Stochastics value suggests ACDC may be oversold. |
| Average True Range in percent/ATR (20) | 8.07 | HIGH VOLATILITY | The high ATR as a percentage value for ACDC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.33 | 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)
6.32
+0.23 (+3.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg3.78%
1 Week-6.23%
2 Weeks-22.55%
1 Month-18.87%
3 Month3.1%
6 Month-20.3%
12 Month-3.22%
2 Year-42.55%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%8.07%
ATR Inc-24.08%
Range Today0.42
ADR(20)0.5
ADR(20)%7.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.29
Mansfield-1.81
10 Day High8.08
10 Day Low5.88
20 Day High8.44
20 Day Low5.88
52 Week High10.7
52 Week Low3.83
CS1 End6.3
CR1 Start9.62
Volume & EV
DER(3)0.65%
DER(5)1.15%
Volume811.00K
Volume Incr80.16%
Vol(5)637.80K
Vol(50)668.27K