ARCHER AVIATION INC-A (ACHR) Technical Analysis
NYSE:ACHR • US03945R1023
Current stock price
ACHR Technical Rating and Analysis
Overall ACHR gets a technical rating of 1 out of 10. ACHR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 90% of all other stocks performed better in the past year than ACHR.
- ACHR is part of the Aerospace & Defense industry. There are 81 other stocks in this industry, of which 77% are performing better than ACHR.
- ACHR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- ACHR has an average volume of 27716700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ACHR has a been trading in the 5.22 - 6.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ACHR Weekly and Daily overview Charts
ACHR Setup Rating and Analysis
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 resistance zone just above the current price starting at 6.03. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ACHR 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.
More info and screens
ACHR Support and Resistance Analysis
5.03
We found 3 important support areas.
- Support @5.59 from a horizontal line in the daily time frame.
- Support @5.23 from a trend line in the weekly time frame.
- Support @5.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.03 to 6.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ACHR 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 | DOWN | NEGATIVE | The long term trend for ACHR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACHR is neutral. |
| ChartMill Relative Strength | 10.58 | NEGATIVE | ACHR has a low relative strength, it was outperformed by 89.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACHR is above the rising 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) | DOWN | NEGATIVE | The current price of ACHR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.8 | NEUTRAL | The RSI value for ACHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ACHR has a positive trend. |
| Stochastics (14,3) | 36.51 | NEUTRAL | The Stochastics value for ACHR is a neutral value. |
| 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) | 15.8 | NEGATIVE | The low ADX value for ACHR suggests a weak or negative trend. |
ACHR Chart- and CandleStick Pattern Analysis
ACHR Technicals: Chart, Performance Metrics, Trend & Indicators
5.87
+0.13 (+2.26%)
ARCHER AVIATION INC-A / ACHR TA FAQ
What is the ChartMill technical rating of ARCHER AVIATION INC-A (ACHR) stock?
ChartMill assigns a technical rating of 1 / 10 to ACHR.
Can you provide the trend direction for ARCHER AVIATION INC-A?
The current trend direction for ARCHER AVIATION INC-A (ACHR) is Bearish.
Can you provide the RSI signal for ARCHER AVIATION INC-A?
ARCHER AVIATION INC-A (ACHR) has an RSI value of 50.7961. This indicates that the stock is currently neutral.
What is the short term momentum for ARCHER AVIATION INC-A (ACHR) stock?
The short term momentum for ARCHER AVIATION INC-A (ACHR) is neutral.
What is the support and resistance level for ACHR stock?
ARCHER AVIATION INC-A (ACHR) has a support level at 5.59 and a resistance level at 6.03. Check the full technical report for our detailed analysis of ACHR support and resistance levels.