ARCHER AVIATION INC-A (ACHR) Stock Technical Analysis
NYSE:ACHR - US03945R1023 - Common Stock
8.95 USD
-0.25 (-2.72%)
8.9507 USD
+0 (+0.01%)
We assign a technical rating of 2 out of 10 to ACHR. Although ACHR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month ACHR has a been trading in the 8.86 - 10.63 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ACHR is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 86% of 69 stocks in the same industry.
ACHR has an average volume of 35531600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, ACHR did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ACHR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACHR is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ACHR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.94, a Stop Loss order could be placed below this zone.
More info and screens
8.71
13.43
When analyzing the support we notice one important area.
- A support zone ranging from 8.80 to 8.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.26 to 10.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 13.30 to 13.30. 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 | NEUTRAL | NEUTRAL | The long term trend for ACHR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACHR is down. |
| ChartMill Relative Strength | 95.11 | POSITIVE | ACHR has a high relative strength, it outperformed 95.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACHR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACHR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ACHR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.64 | NEUTRAL | The RSI value for ACHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ACHR has a negative trend. |
| Stochastics (14,3) | 13.97 | OVERSOLD | The low Stochastics value suggests ACHR may be oversold. |
| Average True Range in percent/ATR (20) | 5.61 | HIGH VOLATILITY | The high ATR as a percentage value for ACHR suggests high volalility. |
| Average Directional Index/ADX (14) | 10.01 | NEGATIVE | The low ADX value for ACHR 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)
8.95
-0.25 (-2.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-2.72%
1 Week-7.45%
2 Weeks-8.86%
1 Month-7.16%
3 Month-11.3%
6 Month0.79%
12 Month163.24%
2 Year28.41%
3 Year152.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%5.61%
ATR Inc-47.02%
Range Today0.37
ADR(20)0.5
ADR(20)%5.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.11
Mansfield0.16
10 Day High10.23
10 Day Low8.86
20 Day High10.63
20 Day Low8.86
52 Week High13.92
52 Week Low2.82
CS1 End8.94
CR1 Start10.26
Volume & EV
DER(3)-1.91%
DER(5)-1.62%
Volume21.45M
Volume Incr-26.64%
Vol(5)21.58M
Vol(50)35.53M