Overall ACNB gets a technical rating of 8 out of 10. Although ACNB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ACNB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 48.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.65, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
40.92
4 important support areas can be observed.
- A support zone ranging from 46.65 to 47.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 43.26 to 44.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.35 to 42.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.33 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.62 to 49.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ACNB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACNB is up. |
| ChartMill Relative Strength | 62.73 | NEUTRAL | ACNB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACNB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACNB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACNB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.46 | NEUTRAL | The RSI value for ACNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ACNB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.5 | OVERBOUGHT | The high Stochastics value suggests ACNB may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ACNB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.23 | NEGATIVE | The low ADX value for ACNB 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 |
|---|---|---|---|
| 49.06 | 46.64 | 2.42 (4.93%) | 20.27% |
| An entry @49.06. This is a Buy Stop order right above the resistance zone. | An exit @46.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.42 points, which is 4.93%. | When investing 20.27% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
48.4
-0.6 (-1.22%)
ACNB CORP / ACNB FAQ
Can you provide the ChartMill technical rating for ACNB CORP?
ChartMill assigns a technical rating of 8 / 10 to ACNB.
Can you provide the trend direction for ACNB CORP?
The current trend direction for ACNB CORP (ACNB) is Bullish.
What is the RSI signal for ACNB stock?
ACNB CORP (ACNB) has an RSI value of 59.4552. This indicates that the stock is currently neutral.
What is the MACD signal for ACNB CORP (ACNB) stock?
The MACD indicator for ACNB CORP (ACNB) has a value of 0.0988876, indicating a bearish trend.
What is the short term momentum for ACNB stock?
The short term momentum for ACNB CORP (ACNB) is positive.