ACHILLION PHARMACEUTICALS INC (ACHN) Technical Analysis
NASDAQ:ACHN
Current stock price
ACHN Technical Rating and Analysis
Overall ACHN gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ACHN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, ACHN did better than 98% of all other stocks. We also observe that the gains produced by ACHN over the past year are nicely spread over this period.
- ACHN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ACHN has a been trading in the 6.00 - 7.01 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ACHN has an average volume of 4021650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ACHN Weekly and Daily overview Charts
ACHN Setup Rating and Analysis
Although ACHN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ACHN Support and Resistance Analysis
5.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.02 to 6.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.30 from a trend line in the weekly time frame.
ACHN Technical Indicator Signal Analysis
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 ACHN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACHN is neutral. |
| ChartMill Relative Strength | 98.56 | POSITIVE | ACHN has a high relative strength, it outperformed 98.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACHN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACHN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACHN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.58 | OVERBOUGHT | The high RSI value suggests ACHN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ACHN has a positive trend. |
| Stochastics (14,3) | 56.91 | NEUTRAL | The Stochastics value for ACHN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for ACHN suggests low volalility. |
ACHN Chart- and CandleStick Pattern Analysis
ACHN Technicals: Chart, Performance Metrics, Trend & Indicators
6.76
+0.63 (+10.28%)
ACHILLION PHARMACEUTICALS INC / ACHN TA FAQ
What is the ChartMill technical rating of ACHILLION PHARMACEUTICALS INC (ACHN) stock?
ChartMill assigns a technical rating of 8 / 10 to ACHN.
Can you provide the trend direction for ACHILLION PHARMACEUTICALS INC?
The current trend direction for ACHILLION PHARMACEUTICALS INC (ACHN) is Bullish.
What is the RSI signal for ACHILLION PHARMACEUTICALS INC (ACHN) stock?
ACHILLION PHARMACEUTICALS INC (ACHN) has an RSI value of 73.5809. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ACHILLION PHARMACEUTICALS INC?
The MACD indicator for ACHILLION PHARMACEUTICALS INC (ACHN) has a value of 0.0359495, indicating a bearish trend.
Can you provide the short term momentum for ACHILLION PHARMACEUTICALS INC?
The short term momentum for ACHILLION PHARMACEUTICALS INC (ACHN) is neutral.