ACM RESEARCH INC-CLASS A (ACMR) Technical Analysis
NASDAQ:ACMR • US00108J1097
We assign a technical rating of 7 out of 10 to ACMR. ACMR was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month ACMR has a been trading in the 44.88 - 71.65 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.
- When comparing the yearly performance of all stocks, we notice that ACMR is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by ACMR over the past year are nicely spread over this period.
- ACMR has an average volume of 1546270 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.
- ACMR is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, ACMR did better than 69% of them.
- ACMR 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 ACMR is lagging the market slightly.
Although ACMR has an excellent technical rating, it does not present a decent entry opportunity 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
31.93
We found 4 important support areas.
- Support @36.12 from a trend line in the weekly time frame.
- Support @35.34 from a trend line in the daily time frame.
- Support @33.27 from a trend line in the daily time frame.
- Support @32.25 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @66.75 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 ACMR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACMR is down. |
| ChartMill Relative Strength | 91.71 | POSITIVE | ACMR has a high relative strength, it outperformed 91.71% 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) | 32.92 | NEUTRAL | The RSI value for ACMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.71 | NEGATIVE | The MACD value suggests ACMR has a negative trend. |
| Stochastics (14,3) | 4.38 | OVERSOLD | The low Stochastics value suggests ACMR may be oversold. |
| Average True Range in percent/ATR (20) | 10.65 | HIGH VOLATILITY | The high ATR as a percentage value for ACMR suggests high volalility. |
| Average Directional Index/ADX (14) | 30.69 | POSITIVE | The high ADX value value for ACMR suggests a strong trend. |
ACMR Technicals: Chart, Performance Metrics, Trend & Indicators
44.92
-3.39 (-7.02%)
ACM RESEARCH INC-CLASS A / ACMR FAQ
What is the ChartMill technical rating of ACM RESEARCH INC-CLASS A (ACMR) stock?
ChartMill assigns a technical rating of 7 / 10 to ACMR.
Can you provide the trend direction for ACM RESEARCH INC-CLASS A?
The current trend direction for ACM RESEARCH INC-CLASS A (ACMR) is Bullish.
What is the RSI signal for ACM RESEARCH INC-CLASS A (ACMR) stock?
ACM RESEARCH INC-CLASS A (ACMR) has an RSI value of 32.9211. This indicates that the stock is currently neutral.
What is the MACD signal for ACM RESEARCH INC-CLASS A (ACMR) stock?
The MACD indicator for ACM RESEARCH INC-CLASS A (ACMR) has a value of -2.71231, indicating a bearish trend.
What is the support and resistance level for ACMR stock?
ACM RESEARCH INC-CLASS A (ACMR) has a support level at 36.12 and a resistance level at 66.75. Check the full technical report for our detailed analysis of ACMR support and resistance levels.