ACNB CORP (ACNB) Stock Technical Analysis
NASDAQ:ACNB • US0008681092
Overall ACNB gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month ACNB has a been trading in the 48.00 - 53.89 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, ACNB did better than 70% of all other stocks. We also observe that the gains produced by ACNB over the past year are nicely spread over this period.
- ACNB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ACNB is lagging the market slightly.
- ACNB is part of the Banks industry. There are 379 other stocks in this industry, ACNB did better than 60% of them.
Although ACNB has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
41.93
When analyzing the support we can see 5 important areas.
- Support @47.92 from a horizontal line in the daily time frame.
- Support @46.24 from a trend line in the weekly time frame.
- Support @45.06 from a trend line in the daily time frame.
- Support @44.18 from a trend line in the weekly time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 49.94 to 50.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.42 to 53.19. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ACNB is neutral. |
| ChartMill Relative Strength | 70.18 | POSITIVE | ACNB has a high relative strength, it outperformed 70.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACNB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACNB is below a declining 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) | 42.06 | NEUTRAL | The RSI value for ACNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests ACNB has a negative trend. |
| Stochastics (14,3) | 32.8 | NEUTRAL | The Stochastics value for ACNB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for ACNB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.76 | NEUTRAL | The ADX value for ACNB suggests a possible start of a new trend. |
49.41
-0.3 (-0.6%)
ACNB CORP / ACNB FAQ
Can you provide the ChartMill technical rating for ACNB CORP?
ChartMill assigns a technical rating of 8 / 10 to ACNB.
What is the current trend direction of ACNB CORP (ACNB) stock?
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 42.0587. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ACNB CORP?
The MACD indicator for ACNB CORP (ACNB) has a value of -0.256679, indicating a bearish trend.
Can you provide the short term momentum for ACNB CORP?
The short term momentum for ACNB CORP (ACNB) is neutral.