ADICET BIO INC (ACET) Stock Technical Analysis
NASDAQ:ACET - Nasdaq - US0070021086 - Common Stock - Currency: USD
Taking everything into account, ACET scores 3 out of 10 in our technical rating. In the past year, ACET was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
69% of all other stocks performed better in the past year than ACET.
ACET is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ACET is part of the Biotechnology industry. There are 560 other stocks in this industry, ACET did better than 58% of them.
In the last month ACET has a been trading in the 0.58 - 0.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of ACET 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
0.61
0.84
We found 2 important support areas.
- A support zone ranging from 0.74 to 0.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.62 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.78 from a trend line in the daily time frame.
- Resistance @0.83 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 | DOWN | NEGATIVE | The long term trend for ACET is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACET is up. |
| ChartMill Relative Strength | 31.49 | NEUTRAL | ACET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ACET is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.34 | NEUTRAL | The RSI value for ACET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ACET has a positive trend. |
| Stochastics (14,3) | 94.37 | OVERBOUGHT | The high Stochastics value suggests ACET may be overbought. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for ACET suggests high volalility. |
| Average Directional Index/ADX (14) | 17.6 | NEGATIVE | The low ADX value for ACET suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.7495
+0.01 (+1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.31%
1 Week23.48%
2 Weeks11.77%
1 Month-4.5%
3 Month39.57%
6 Month-18.27%
12 Month-38.06%
2 Year-71.93%
3 Year-95.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%6.21%
ATR Inc38.17%
Range Today0.05
ADR(20)0.05
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.49
Mansfield-3.17
10 Day High0.76
10 Day Low0.58
20 Day High0.8
20 Day Low0.58
52 Week High1.7
52 Week Low0.45
CS1 End0.75
CR1 Start0.78
Volume & EV
DER(3)-2.4%
DER(5)0.83%
Volume481.60K
Volume Incr16.43%
Vol(5)463.78K
Vol(50)549.72K