ASCENT INDUSTRIES CO (ACNT) Stock Technical Analysis
NASDAQ:ACNT • US8715651076
We assign a technical rating of 10 out of 10 to ACNT. Both in the recent history as in the last year, ACNT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ACNT is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, ACNT also shows a nice and consistent pattern of rising prices.
- ACNT is part of the Chemicals industry. There are 83 other stocks in this industry. ACNT outperforms 86% of them.
- ACNT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ACNT has a been trading in the 15.72 - 17.92 range, which is quite wide. It is currently trading near the high of this range.
ACNT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
11.53
6 important support areas can be observed.
- A support zone ranging from 16.86 to 16.89. 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 15.84 to 16.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.87 from a trend line in the weekly time frame.
- Support @12.59 from a trend line in the daily time frame.
- Support @12.09 from a horizontal line in the weekly time frame.
- Support @11.65 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 ACNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACNT is up. |
| ChartMill Relative Strength | 88.74 | POSITIVE | ACNT has a high relative strength, it outperformed 88.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.45 | NEUTRAL | The RSI value for ACNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ACNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.97 | OVERBOUGHT | The high Stochastics value suggests ACNT may be overbought. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for ACNT suggests some volalility. |
| Average Directional Index/ADX (14) | 37.91 | POSITIVE | The high ADX value value for ACNT suggests a strong 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 |
|---|---|---|---|
| 17.93 | 16.85 | 1.08 (6.02%) | 16.61% |
| An entry @17.93. This is a Buy Stop order right above the 10 day high. | An exit @16.85. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.08 points, which is 6.02%. | When investing 16.61% 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.
17.32
-0.33 (-1.87%)
ASCENT INDUSTRIES CO / ACNT FAQ
Can you provide the ChartMill technical rating for ASCENT INDUSTRIES CO?
ChartMill assigns a technical rating of 10 / 10 to ACNT.
Can you provide the trend direction for ASCENT INDUSTRIES CO?
The current trend direction for ASCENT INDUSTRIES CO (ACNT) is Bullish.
Can you provide the RSI signal for ASCENT INDUSTRIES CO?
ASCENT INDUSTRIES CO (ACNT) has an RSI value of 60.4459. This indicates that the stock is currently neutral.
What is the buy/sell signal for ASCENT INDUSTRIES CO (ACNT) stock?
The buy/sell signal for ASCENT INDUSTRIES CO (ACNT) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ACNT stock?
ASCENT INDUSTRIES CO (ACNT) has a support level at 16.89. Check the full technical report for our detailed analysis of ACNT support and resistance levels.