ACCEL ENTERTAINMENT INC (ACEL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ACEL - US00436Q1067 - Common Stock
Taking everything into account, ACEL scores 7 out of 10 in our technical rating. In the last year, ACEL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
ACEL 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.19. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
9.46
2 important support areas can be observed.
- Support @10.08 from a trend line in the weekly time frame.
- A support zone ranging from 9.56 to 9.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.19 to 11.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.75 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 ACEL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACEL is up. |
| ChartMill Relative Strength | 47.79 | NEUTRAL | ACEL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACEL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACEL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACEL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.82 | NEUTRAL | The RSI value for ACEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ACEL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.56 | NEUTRAL | The Stochastics value for ACEL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for ACEL suggests some volalility. |
| Average Directional Index/ADX (14) | 34.91 | POSITIVE | The high ADX value value for ACEL suggests a strong 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 |
|---|---|---|---|
| 11.43 | 10.33 | 1.10 (9.62%) | 10.39% |
| An entry @11.43. This is a Buy Stop order right above the resistance zone. | An exit @10.33. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.10 points, which is 9.62%. | When investing 10.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
11.17
+0.01 (+0.09%)
ACCEL ENTERTAINMENT INC / ACEL FAQ
What is the ChartMill technical rating of ACCEL ENTERTAINMENT INC (ACEL) stock?
ChartMill assigns a technical rating of 7 / 10 to ACEL.
Can you provide the trend direction for ACCEL ENTERTAINMENT INC?
The current trend direction for ACCEL ENTERTAINMENT INC (ACEL) is Bullish.
Can you provide the RSI signal for ACCEL ENTERTAINMENT INC?
ACCEL ENTERTAINMENT INC (ACEL) has an RSI value of 64.8165. This indicates that the stock is currently neutral.
What is the buy/sell signal for ACEL stock?
The buy/sell signal for ACCEL ENTERTAINMENT INC (ACEL) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ACEL stock?
ACCEL ENTERTAINMENT INC (ACEL) has a support level at 10.08 and a resistance level at 11.19. Check the full technical report for our detailed analysis of ACEL support and resistance levels.