ARCHER AVIATION INC-A (ACHR) Stock Technical Analysis
NYSE:ACHR - New York Stock Exchange, Inc. - US03945R1023 - Common Stock - Currency: USD
Overall ACHR gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ACHR has a been trading in the 9.24 - 12.52 range, which is quite wide. It is currently trading near the lows of this range.
ACHR is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 89% of 66 stocks in the same industry.
ACHR has an average volume of 33100900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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.
ACHR has an average technical rating and the quality of the presented setup is also not ideal 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
7.59
11.82
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 7.67 to 7.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @11.70 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 | DOWN | NEGATIVE | The short term trend for ACHR is down. |
| ChartMill Relative Strength | 97.91 | POSITIVE | ACHR has a high relative strength, it outperformed 97.91% 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) | 47.82 | NEUTRAL | The RSI value for ACHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ACHR has a negative trend. |
| Stochastics (14,3) | 25.5 | NEUTRAL | The Stochastics value for ACHR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for ACHR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.1 | 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
-0.04 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.4%
1 Week0.1%
2 Weeks-1.86%
1 Month-5.66%
3 Month37.74%
6 Month-10.55%
12 Month184.09%
2 Year142.72%
3 Year224.68%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%7.65%
ATR Inc-25.68%
Range Today0.59
ADR(20)0.66
ADR(20)%6.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.91
Mansfield3.73
10 Day High12.52
10 Day Low9.49
20 Day High12.52
20 Day Low9.24
52 Week High13.92
52 Week Low2.82
CS1 End9.98
CR1 Start11.7
Volume & EV
DER(3)-1.29%
DER(5)-1.75%
Volume37.84M
Volume Incr5.99%
Vol(5)43.17M
Vol(50)33.10M