ADICET BIO INC (ACET)       8.96  +0.07 (+0.79%)

8.96  +0.07 (+0.79%)

US0070021086 - Common Stock - After market: 8.96 0 (0%)

Technical Rating

1

Taking everything into account, ACET scores 1 out of 10 in our technical rating. ACET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



In the last month ACET has a been trading in the 7.42 - 9.40 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
91% of all other stocks performed better in the past year than ACET.
ACET is part of the Biotechnology industry. There are 639 other stocks in this industry, of which 70% are performing better than ACET.
ACET is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 10.62% -47.88% -46.95% -23.35% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 9.52 7.42 - 21.87
ACET Weekly chart
ACET Daily chart

Support/Resistance Analysis


7.54

21.02
2 important support areas can be observed.
  • A support zone ranging from 7.92 to 8.00. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • A support zone ranging from 7.62 to 7.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
  • Resistance @8.97 from a horizontal line in the weekly time frame.
  • Resistance @9.22 from a horizontal line in the daily time frame.
  • Resistance @20.81 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

8

ACET has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 8.0, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ACET in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

ACET Daily chart

ADICET BIO INC8.96

NASDAQ:ACET (1/27/2023, 7:00:00 PM)+0.07 (+0.79%)

After market: 8.96 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology

Performance
Today 0.79% 1 Week 1.36%
2 Weeks 4.19% 1 Month 10.62%
3 Month -47.88% 6 Month -46.95%

Volatility
ATR(14) 0.59 ATR(20)% 6.7%
ATR Inc -23.09% Range Today 0.29

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 9.52 Mansfield -3.89
10 Day High 9.4 10 Day Low 8.19
20 Day High 9.4 20 Day Low 7.42
52 Week High 21.87 52 Week Low 7.42
CS1 End 8 CR1 Start 8.97

Volume & EV
DER(3) 4.35% DER(5) 1.47%
Volume 265.80K Volume Incr -52.81%
Vol(5) 310.16K Vol(50) 830.69K

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