ADICET BIO INC (ACET) Stock Technical Analysis
USA - NASDAQ:ACET - US0070021086 - Common Stock
0.8303 USD
+0.01 (+1.17%)
0.8499 USD
+0.02 (+2.36%)
Taking everything into account, ACET scores 7 out of 10 in our technical rating. Although ACET is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, ACET is a bad performer in the overall market: 78% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ACET has a been trading in the 0.69 - 0.90 range, which is quite wide. It is currently trading near the high of this range.
ACET is an average performer in the Biotechnology industry, it outperforms 48% of 538 stocks in the same industry.
ACET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACET is lagging the market.
ACET has an excellent technical rating and also presents 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 0.79, a Stop Loss order could be placed below this zone.
More info and screens
0.60
0.88
When analyzing the support we can see 5 important areas.
- A support zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.76 from a horizontal line in the daily time frame.
- Support @0.71 from a horizontal line in the daily time frame.
- Support @0.65 from a trend line in the daily time frame.
- Support @0.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.87 from a trend 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 | UP | POSITIVE | The long term trend for ACET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACET is up. |
| ChartMill Relative Strength | 22.26 | NEGATIVE | ACET has a low relative strength, it was outperformed by 77.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACET is above the rising 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 | MIXED | The current price of ACET is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.31 | NEUTRAL | The RSI value for ACET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ACET has a positive trend. |
| Stochastics (14,3) | 60.55 | NEUTRAL | The Stochastics value for ACET is a neutral value. |
| Average True Range in percent/ATR (20) | 6.41 | HIGH VOLATILITY | The high ATR as a percentage value for ACET suggests high volalility. |
| Average Directional Index/ADX (14) | 20.23 | NEUTRAL | The ADX value for ACET suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.88 | 0.77 | 0.11 (12.50%) | 8.00% |
| An entry @0.88. This is a Buy Stop order right above the resistance zone. | An exit @0.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 12.50%. | When investing 8.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.8303
+0.01 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.17%
1 Week2.2%
2 Weeks3.31%
1 Month16.78%
3 Month32.72%
6 Month0.01%
12 Month-41.94%
2 Year-39.39%
3 Year-94.16%
5 Year-93.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%6.41%
ATR Inc-7.01%
Range Today0.05
ADR(20)0.05
ADR(20)%6.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.26
Mansfield-1.32
10 Day High0.9
10 Day Low0.76
20 Day High0.9
20 Day Low0.69
52 Week High1.54
52 Week Low0.45
CS1 End0.79
CR1 Start0.87
Volume & EV
DER(3)-6.94%
DER(5)-7.54%
Volume329.10K
Volume Incr-30.4%
Vol(5)347.20K
Vol(50)497.33K