We assign a technical rating of 7 out of 10 to ACNB. In the last year, ACNB was one of the better performers, but we do observe some doubts in the very recent evolution.
ACNB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 47.95, 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.
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41.93
We found 4 important support areas.
- A support zone ranging from 47.66 to 47.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.45 to 45.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.60 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.
We found 1 important resistance area.
- Resistance @52.89 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 ACNB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACNB is down. |
| ChartMill Relative Strength | 81.8 | POSITIVE | ACNB has a high relative strength, it outperformed 81.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACNB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ACNB is below 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) | 45.27 | NEUTRAL | The RSI value for ACNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests ACNB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.21 | NEUTRAL | The Stochastics value for ACNB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for ACNB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.08 | 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 |
|---|---|---|---|
| 49.84 | 47.65 | 2.19 (4.39%) | 22.76% |
| An entry @49.84. This is a Buy Stop order right above the 10 day high. | An exit @47.65. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.19 points, which is 4.39%. | For a 1.00% total portfolio risk, you can invest 22.76% of your capital in this trade. |
- 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.
48.33
-0.33 (-0.68%)
ACNB CORP / ACNB FAQ
Can you provide the ChartMill technical rating for ACNB CORP?
ChartMill assigns a technical rating of 7 / 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 45.2697. 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 -0.323252, indicating a bearish trend.
Can you provide the short term momentum for ACNB CORP?
The short term momentum for ACNB CORP (ACNB) is negative.