ADICET BIO INC (ACET) Stock Technical Analysis
NASDAQ:ACET - Nasdaq - US0070021086 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to ACET. ACET's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ACET is a bad performer in the overall market: 88% of all stocks are doing better.
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.
In the last month ACET has a been trading in the 0.66 - 0.82 range, which is quite wide. It is currently trading near the lows of this range.
ACET is an average performer in the Biotechnology industry, it outperforms 41% of 551 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
ACET has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.59
0.83
When analyzing the support we can see 3 important areas.
- Support @0.68 from a trend line in the daily time frame.
- Support @0.64 from a trend line in the weekly time frame.
- A support zone ranging from 0.60 to 0.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.71 to 0.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.82 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 | NEUTRAL | NEUTRAL | The short term trend for ACET is neutral. |
| ChartMill Relative Strength | 12.49 | NEGATIVE | ACET has a low relative strength, it was outperformed by 87.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ACET is below 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) | 47.08 | NEUTRAL | The RSI value for ACET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ACET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.55 | NEUTRAL | The Stochastics value for ACET is a neutral value. |
| Average True Range in percent/ATR (20) | 6.96 | HIGH VOLATILITY | The high ATR as a percentage value for ACET suggests high volalility. |
| Average Directional Index/ADX (14) | 17.24 | 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)
0.7009
-0.02 (-2.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.64%
1 Week-0.57%
2 Weeks-14.26%
1 Month-1.82%
3 Month14.77%
6 Month-27.48%
12 Month-47.76%
2 Year-65%
3 Year-95.06%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%6.96%
ATR Inc-22.34%
Range Today0.03
ADR(20)0.05
ADR(20)%6.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.49
Mansfield-3.29
10 Day High0.81
10 Day Low0.66
20 Day High0.82
20 Day Low0.66
52 Week High1.64
52 Week Low0.45
CS1 End0.68
CR1 Start0.71
Volume & EV
DER(3)-10.53%
DER(5)-14.07%
Volume206.15K
Volume Incr-45.72%
Vol(5)209.43K
Vol(50)389.60K