ACORN ENERGY INC (ACFN) Technical Analysis
NASDAQ:ACFN • US0048482063
Overall ACFN gets a technical rating of 6 out of 10. 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.
- When comparing the yearly performance of all stocks, ACFN is a bad performer in the overall market: 100% of all stocks are doing better.
- ACFN is one of the lesser performing stocks in the Electronic Equipment, Instruments & Components industry. 92% of 124 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- In the last month ACFN has a been trading in the 15.50 - 23.75 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.
ACFN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.91
We found 1 important support area.
- Support @17.08 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.51 to 22.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACFN is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 69.28 | NEUTRAL | The RSI value for ACFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests ACFN has a positive trend. |
| Stochastics (14,3) | 82.62 | OVERBOUGHT | The high Stochastics value suggests ACFN may be overbought. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for ACFN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.27 | NEUTRAL | The ADX value for ACFN suggests a possible start of a new trend. |
ACFN Technicals: Chart, Performance Metrics, Trend & Indicators
22.5
-0.26 (-1.14%)
ACORN ENERGY INC / ACFN FAQ
Can you provide the ChartMill technical rating for ACORN ENERGY INC?
ChartMill assigns a technical rating of 6 / 10 to ACFN.
What is the current trend direction of ACORN ENERGY INC (ACFN) stock?
The current trend direction for ACORN ENERGY INC (ACFN) is Bullish.
What is the RSI signal for ACORN ENERGY INC (ACFN) stock?
ACORN ENERGY INC (ACFN) has an RSI value of 69.282. This indicates that the stock is currently neutral.
What is the short term momentum for ACFN stock?
The short term momentum for ACORN ENERGY INC (ACFN) is positive.
What are the support and resistance levels for ACORN ENERGY INC (ACFN) stock?
ACORN ENERGY INC (ACFN) has a support level at 17.08 and a resistance level at 22.51. Check the full technical report for our detailed analysis of ACFN support and resistance levels.