AXCELIS TECHNOLOGIES INC (ACLS) Stock Technical Analysis
NASDAQ:ACLS - Nasdaq - US0545402085 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ACLS. In the last year, ACLS was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is only medium, ACLS does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 74.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 68.75, a Stop Loss order could be placed below this zone.
More info and screens
66.76
We found 1 important support area.
- A support zone ranging from 67.43 to 68.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 74.45 to 75.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @77.47 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for ACLS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACLS is neutral. |
| ChartMill Relative Strength | 20.34 | NEGATIVE | ACLS has a low relative strength, it was outperformed by 79.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACLS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ACLS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.38 | NEUTRAL | The RSI value for ACLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests ACLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.35 | NEUTRAL | The Stochastics value for ACLS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ACLS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.85 | NEGATIVE | The low ADX value for ACLS suggests a weak or negative trend. |
70.88
+2.13 (+3.1%)