AXCELIS TECHNOLOGIES INC (ACLS) Stock Technical Analysis
NASDAQ:ACLS - Nasdaq - US0545402085 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ACLS. 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 is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 60% of 110 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ACLS has a been trading in the 69.18 - 77.42 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, ACLS turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
ACLS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACLS is lagging the market.
ACLS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 74.86. Right above this resistance zone may be a good entry point. 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.
More info and screens
70.25
78.24
We found 2 important support areas.
- Support @72.36 from a trend line in the daily time frame.
- A support zone ranging from 70.96 to 70.96. 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 74.86 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 | 49.08 | NEUTRAL | ACLS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACLS is below 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) | 53.68 | NEUTRAL | The RSI value for ACLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests ACLS has a negative trend. |
| Stochastics (14,3) | 58.27 | NEUTRAL | The Stochastics value for ACLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ACLS suggests some volalility. |
| Average Directional Index/ADX (14) | 20.66 | NEUTRAL | The ADX value for ACLS 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)
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 | 72.35 | 3.31 (4.37%) | 22.86% |
| An entry @75.66. This is a Buy Stop order right above the resistance zone. | An exit @72.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.31 points, which is 4.37%. | When investing 22.86% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ACLS. Please evaluate whether better entry and exit points can be found.
- 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.
72.89
-0.28 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.38%
1 Week-2.61%
2 Weeks1.74%
1 Month1.25%
3 Month39.37%
6 Month7.19%
12 Month-31.45%
2 Year-63.64%
3 Year3.64%
5 Year147.76%
10 Year54.43%
15 Year172.79%
Volatility
ATR(14)2.94
ATR(20)%3.82%
ATR Inc27.04%
Range Today2.83
ADR(20)2.66
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.08
Mansfield-0.97
10 Day High77.42
10 Day Low70.65
20 Day High77.42
20 Day Low69.18
52 Week High117.57
52 Week Low40.4
CS1 End72.36
CR1 Start74.86
Volume & EV
DER(3)1.51%
DER(5)0.5%
Volume433.63K
Volume Incr-10.94%
Vol(5)428.14K
Vol(50)523.20K