ACM RESEARCH INC-CLASS A (ACMR) Stock Technical Analysis
NASDAQ:ACMR - Nasdaq - US00108J1097 - Common Stock - Currency: USD
Taking everything into account, ACMR scores 4 out of 10 in our technical rating. Although ACMR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month ACMR has a been trading in the 23.03 - 32.54 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Looking at the yearly performance, ACMR did better than 75% of all other stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
ACMR is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 64% of 110 stocks in the same industry.
ACMR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACMR is lagging the market.
ACMR has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.44
30.22
We found 5 important support areas.
- A support zone ranging from 23.93 to 23.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.33 from a trend line in the weekly time frame.
- Support @21.99 from a trend line in the daily time frame.
- Support @20.78 from a trend line in the daily time frame.
- Support @15.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @29.92 from a trend line in the weekly 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 ACMR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACMR is down. |
| ChartMill Relative Strength | 75.69 | POSITIVE | ACMR has a high relative strength, it outperformed 75.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACMR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ACMR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACMR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.25 | NEUTRAL | The RSI value for ACMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.96 | NEGATIVE | The MACD value suggests ACMR has a negative trend. |
| Stochastics (14,3) | 14.79 | OVERSOLD | The low Stochastics value suggests ACMR may be oversold. |
| Average True Range in percent/ATR (20) | 6.53 | HIGH VOLATILITY | The high ATR as a percentage value for ACMR suggests high volalility. |
| Average Directional Index/ADX (14) | 25.7 | POSITIVE | The high ADX value value for ACMR suggests a strong 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)
23.94
-0.33 (-1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.36%
1 Week-18.79%
2 Weeks-20.01%
1 Month-16.18%
3 Month7.89%
6 Month5.18%
12 Month25.34%
2 Year36.33%
3 Year41.74%
5 Year-19.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.76
ATR(20)%6.53%
ATR Inc-24.13%
Range Today0.73
ADR(20)1.28
ADR(20)%5.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.69
Mansfield0.26
10 Day High32.54
10 Day Low23.03
20 Day High32.54
20 Day Low23.03
52 Week High32.54
52 Week Low13.87
CS1 End23.93
CR1 Start29.92
Volume & EV
DER(3)-1.65%
DER(5)-0.06%
Volume1.51M
Volume Incr124.87%
Vol(5)2.06M
Vol(50)992.46K