AXCELIS TECHNOLOGIES INC (ACLS) Stock Technical Analysis
NASDAQ:ACLS - Nasdaq - US0545402085 - Common Stock - Currency: USD
Taking everything into account, ACLS scores 8 out of 10 in our technical rating. Although ACLS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ACLS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 71.19, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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70.25
When analyzing the support we notice one important area.
- A support zone ranging from 70.96 to 71.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- 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 | UP | POSITIVE | The long term trend for ACLS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACLS is up. |
| ChartMill Relative Strength | 45.51 | NEUTRAL | ACLS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACLS is above the rising 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) | 56.86 | NEUTRAL | The RSI value for ACLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests ACLS has a negative trend. |
| Stochastics (14,3) | 59.27 | NEUTRAL | The Stochastics value for ACLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for ACLS suggests some volalility. |
| Average Directional Index/ADX (14) | 19.64 | NEGATIVE | The low ADX value for ACLS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 75.66 | 70.95 | 4.71 (6.23%) | 16.06% |
| An entry @75.66. This is a Buy Stop order right above the resistance zone. | An exit @70.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.71 points, which is 6.23%. | For a 1.00% total portfolio risk, you can invest 16.06% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
73.4
+0.55 (+0.75%)