ACE LTD (ACE) Technical Analysis
NYSE:ACE
Current stock price
ACE Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ACE. In the last year, ACE was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- ACE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ACE has an average volume of 2348690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, ACE turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- ACE 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 ACE is lagging the market slightly.
ACE Weekly and Daily overview Charts
ACE Setup Rating and Analysis
The technical rating of ACE 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
ACE Support and Resistance Analysis
98.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 110.47 to 110.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 99.72 to 99.92. 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 118.19 to 119.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
ACE Technical Indicator Signal Analysis
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 ACE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACE is down. |
| ChartMill Relative Strength | 50 | NEUTRAL | ACE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ACE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.67 | NEUTRAL | The RSI value for ACE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests ACE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.49 | OVERSOLD | The low Stochastics value suggests ACE may be oversold. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for ACE suggests low volalility. |
ACE Chart- and CandleStick Pattern Analysis
ACE Technicals: Chart, Performance Metrics, Trend & Indicators
111.02
+0.96 (+0.87%)
ACE LTD / ACE TA FAQ
What is the ChartMill technical rating of ACE LTD (ACE) stock?
ChartMill assigns a technical rating of 2 / 10 to ACE.
What is the current trend direction of ACE LTD (ACE) stock?
The current trend direction for ACE LTD (ACE) is Bearish.
What is the RSI signal for ACE LTD (ACE) stock?
ACE LTD (ACE) has an RSI value of 41.671. This indicates that the stock is currently neutral.
What is the support and resistance level for ACE stock?
ACE LTD (ACE) has a support level at 110.48 and a resistance level at 118.19. Check the full technical report for our detailed analysis of ACE support and resistance levels.