ACHR Technical Analysis - ARCHER AVIATION INC-A

Technical Rating and Analysis

Taking everything into account, ACHR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ACHR is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, ACHR did better than 97% of all other stocks.

ACHR is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 91% of 69 stocks in the same industry.

A new 52 week high is currently being made by ACHR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month ACHR has a been trading in the 8.92 - 14.62 range, which is quite wide. It is currently trading near the high of this range.

ACHR has an average volume of 42734700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ARCHER AVIATION INC-A / ACHR Weekly stock chart

ARCHER AVIATION INC-A / ACHR Daily stock chart

Setup Rating and Analysis

Although ACHR has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.63

13.79

When analyzing the support we can see 4 important areas.

Support @11.96 from a horizontal line in the daily time frame.
Support @10.40 from a trend line in the daily time frame.
Support @9.19 from a trend line in the weekly time frame.
Support @8.72 from a trend line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 13.30 to 13.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @13.65 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 ACHR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ACHR is up.
ChartMill Relative Strength	97.5	POSITIVE	ACHR has a high relative strength, it outperformed 97.5% 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)	UP	POSITIVE	The current price of ACHR is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ACHR is above the rising SMA(200).
Relative Strength Index/RSI (14)	67.53	NEUTRAL	The RSI value for ACHR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.23	POSITIVE	The MACD value suggests ACHR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	77.8	NEUTRAL	The Stochastics value for ACHR is a neutral value.
Average True Range in percent/ATR (20)	7.71	HIGH VOLATILITY	The high ATR as a percentage value for ACHR suggests high volalility.
Average Directional Index/ADX (14)	31.82	POSITIVE	The high ADX value value for ACHR suggests a strong trend.