ACEL Technical Analysis - ACCEL ENTERTAINMENT INC

Technical Rating and Analysis

Taking everything into account, ACEL scores 0 out of 10 in our technical rating. ACEL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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, ACEL is a bad performer in the overall market: 83% of all stocks are doing better.

In the last month ACEL has a been trading in the 10.41 - 11.46 range, which is quite wide. It is currently trading near the lows of this range.

ACEL is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, ACEL did better than 47% of them.

ACEL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACEL is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ACCEL ENTERTAINMENT INC / ACEL Weekly stock chart

ACCEL ENTERTAINMENT INC / ACEL Daily stock chart

Setup Rating and Analysis

The technical rating of ACEL is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.46

11.75

We found 3 important support areas.

Support @10.30 from a horizontal line in the daily time frame.
Support @9.85 from a horizontal 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 3 important resistance areas.

A resistance zone ranging from 11.07 to 11.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 11.28 to 11.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @11.63 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for ACEL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ACEL is down.
ChartMill Relative Strength	17.85	NEGATIVE	ACEL has a low relative strength, it was outperformed by 82.15% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ACEL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ACEL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ACEL is below a declining SMA(200).
Relative Strength Index/RSI (14)	33.75	NEUTRAL	The RSI value for ACEL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests ACEL has a negative trend.
Stochastics (14,3)	20.78	NEUTRAL	The Stochastics value for ACEL is a neutral value.
Average True Range in percent/ATR (20)	2.24	MEDIUM VOLATILITY	The ATR as a percentage value for ACEL suggests some volalility.
Average Directional Index/ADX (14)	14.84	NEGATIVE	The low ADX value for ACEL suggests a weak or negative trend.