ACCEL ENTERTAINMENT INC (ACEL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ACEL - US00436Q1067 - Common Stock
We assign a technical rating of 7 out of 10 to ACEL. 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.
Although ACEL has an excellent technical rating, it does not present a decent entry opportunity 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.
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9.47
When analyzing the support we can see 5 important areas.
- Support @11.62 from a horizontal line in the daily time frame.
- A support zone ranging from 11.20 to 11.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.35 to 10.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.00 to 10.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 9.57 to 9.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 60.7 | 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) | 71.98 | OVERBOUGHT | The high RSI value suggests ACEL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ACEL has a positive trend. |
| Stochastics (14,3) | 95.72 | OVERBOUGHT | The high Stochastics value suggests ACEL may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ACEL suggests some volalility. |
| Average Directional Index/ADX (14) | 38.92 | POSITIVE | The high ADX value value for ACEL suggests a strong trend. |
11.7
+0.22 (+1.92%)
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 71.9814. This indicates that the stock is currently overbought.
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 11.62. Check the full technical report for our detailed analysis of ACEL support and resistance levels.