ACHILLION PHARMACEUTICALS INC (ACHN) Stock Technical Analysis
NASDAQ:ACHN - Nasdaq -
We assign a technical rating of 9 out of 10 to ACHN. 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 short term is neutral, but the long term trend is still positive. Not much to worry about 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.
A new 52 week high is currently being made by ACHN, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so ACHN is leading 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.
Although ACHN has an excellent technical rating, it does not offer a high quality setup 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
5.25
6.83
We found 2 important support 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.
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. |
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)
6.76
+0.63 (+10.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg10.28%
1 Week9.21%
2 Weeks9.92%
1 Month10.1%
3 Month4.81%
6 Month50.89%
12 Month201.79%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.78%
ATR Inc459.41%
Range Today0.26
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.56
Mansfield5.07
10 Day High7.02
10 Day Low6.05
20 Day High7.02
20 Day Low6
52 Week High7.02
52 Week Low2.06
CS1 End6.22
CR1 StartN/A
Volume & EV
DER(3)-0.15%
DER(5)-0.21%
Volume105.65M
Volume Incr908.39%
Vol(5)23.09M
Vol(50)4.02M