ARCHER AVIATION INC-A (ACHR) Stock Technical Analysis
NYSE:ACHR - New York Stock Exchange, Inc. - US03945R1023 - Common Stock - Currency: USD
Taking everything into account, ACHR scores 7 out of 10 in our technical rating. In the last year, ACHR was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ACHR is part of the Aerospace & Defense industry. There are 66 other stocks in this industry. ACHR outperforms 86% of them.
ACHR has an average volume of 33075400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ACHR did better than 97% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ACHR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACHR is lagging the market slightly.
In the last month ACHR has a been trading in the 9.24 - 12.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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.
More info and screens
7.48
11.89
We found 3 important support areas.
- Support @9.98 from a horizontal line in the weekly time frame.
- Support @9.35 from a horizontal line in the daily time frame.
- A support zone ranging from 7.56 to 7.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.05 to 10.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.77 from a trend line in the daily 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 ACHR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACHR is neutral. |
| ChartMill Relative Strength | 97.47 | POSITIVE | ACHR has a high relative strength, it outperformed 97.47% 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) | 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) | 48.12 | NEUTRAL | The RSI value for ACHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ACHR has a negative trend. |
| Stochastics (14,3) | 24.68 | NEUTRAL | The Stochastics value for ACHR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.63 | HIGH VOLATILITY | The high ATR as a percentage value for ACHR suggests high volalility. |
| Average Directional Index/ADX (14) | 23.49 | NEUTRAL | The ADX value for ACHR suggests a possible start of a new 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)
10.04
-0.16 (-1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-1.57%
1 Week-14.41%
2 Weeks7.26%
1 Month-7.21%
3 Month15.14%
6 Month5.8%
12 Month174.32%
2 Year143.69%
3 Year225.97%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%7.63%
ATR Inc-41.29%
Range Today0.6
ADR(20)0.66
ADR(20)%6.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.47
Mansfield4.15
10 Day High12.52
10 Day Low9.52
20 Day High12.52
20 Day Low9.24
52 Week High13.92
52 Week Low2.82
CS1 End9.98
CR1 Start10.05
Volume & EV
DER(3)-4.07%
DER(5)-2.37%
Volume42.88M
Volume Incr55.16%
Vol(5)57.88M
Vol(50)33.08M