ADICET BIO INC (ACET) Stock Technical Analysis
NASDAQ:ACET - US0070021086 - Common Stock
0.7586 USD
+0 (+0.4%)
0.7679 USD
+0.01 (+1.23%)
Overall ACET gets a technical rating of 5 out of 10. In the last year, ACET was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, ACET is a bad performer in the overall market: 91% of all stocks are doing better.
ACET is part of the Biotechnology industry. There are 547 other stocks in this industry, of which 64% are performing better 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ACET has a been trading in the 0.58 - 0.78 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, ACET does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.71, a Stop Loss order could be placed below this zone.
More info and screens
0.60
0.83
We found 3 important support areas.
- A support zone ranging from 0.68 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.62 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 2 important areas.
- A resistance zone ranging from 0.77 to 0.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.82 to 0.82. This zone is formed by a combination of multiple trend lines 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 ACET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACET is up. |
| ChartMill Relative Strength | 9.88 | NEGATIVE | ACET has a low relative strength, it was outperformed by 90.12% 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 | NEGATIVE | The current price of ACET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.49 | 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) | 92.4 | OVERBOUGHT | The high Stochastics value suggests ACET may be overbought. |
| Average True Range in percent/ATR (20) | 7.09 | HIGH VOLATILITY | The high ATR as a percentage value for ACET suggests high volalility. |
| Average Directional Index/ADX (14) | 15.7 | 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)
0.7586
+0 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.4%
1 Week11.12%
2 Weeks16.74%
1 Month10.65%
3 Month5.61%
6 Month-15.6%
12 Month-48.04%
2 Year-62.07%
3 Year-94.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%7.09%
ATR Inc-60.29%
Range Today0.02
ADR(20)0.05
ADR(20)%6.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.88
Mansfield-2.48
10 Day High0.78
10 Day Low0.63
20 Day High0.78
20 Day Low0.58
52 Week High1.63
52 Week Low0.45
CS1 End0.71
CR1 Start0.77
Volume & EV
DER(3)-1.69%
DER(5)-7.54%
Volume215.30K
Volume Incr-41.36%
Vol(5)399.64K
Vol(50)512.11K