ACORN ENERGY INC (ACFN) Stock Technical Analysis
USA - NASDAQ:ACFN - US0048482063 - Common Stock
We assign a technical rating of 4 out of 10 to ACFN. In the last year, ACFN 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.
Although the technical rating is only medium, ACFN 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 30.37. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ACFN 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.
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27.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 28.55 to 29.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.90 to 28.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.37 to 30.58. 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 | UP | POSITIVE | The long term trend for ACFN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACFN is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ACFN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACFN is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 54.91 | NEUTRAL | The RSI value for ACFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests ACFN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.96 | NEUTRAL | The Stochastics value for ACFN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.29 | HIGH VOLATILITY | The high ATR as a percentage value for ACFN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.86 | NEGATIVE | The low ADX value for ACFN suggests a weak or negative trend. |
NASDAQ:ACFN (10/3/2025, 8:20:42 PM)
29.28
+0.98 (+3.46%)