ACCEL ENTERTAINMENT INC (ACEL) Stock Technical Analysis
NYSE:ACEL • US00436Q1067
Taking everything into account, ACEL scores 5 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 is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 76% of 126 stocks in the same industry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, ACEL outperforms 61% of them, which is more or less in line with the market.
- 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.
- In the last month ACEL has a been trading in the 10.69 - 11.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ACEL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.33, a Stop Loss order could be placed below this zone. 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
9.51
We found 5 important support areas.
- A support zone ranging from 11.02 to 11.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.80 to 10.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.20 from a trend line in the weekly time frame.
- Support @10.00 from a horizontal line in the weekly time frame.
- Support @9.61 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Strong resistance @11.42 from a horizontal line in the daily time frame.
- Resistance @11.70 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for ACEL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACEL is neutral. |
| ChartMill Relative Strength | 61.42 | 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) | DOWN | MIXED | The current price of ACEL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55 | NEUTRAL | The RSI value for ACEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ACEL has a positive trend. |
| Stochastics (14,3) | 57.33 | NEUTRAL | The Stochastics value for ACEL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for ACEL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.41 | NEGATIVE | The low ADX value for ACEL suggests a weak or negative trend. |
11.36
+0.25 (+2.25%)
ACCEL ENTERTAINMENT INC / ACEL FAQ
What is the ChartMill technical rating of ACCEL ENTERTAINMENT INC (ACEL) stock?
ChartMill assigns a technical rating of 5 / 10 to ACEL.
What is the trend direction for ACEL stock?
The current trend direction for ACCEL ENTERTAINMENT INC (ACEL) is Bearish.
Can you provide the RSI signal for ACCEL ENTERTAINMENT INC?
ACCEL ENTERTAINMENT INC (ACEL) has an RSI value of 54.9989. This indicates that the stock is currently neutral.
What is the short term momentum for ACEL stock?
The short term momentum for ACCEL ENTERTAINMENT INC (ACEL) is neutral.