ASCENT INDUSTRIES CO (ACNT) Technical Analysis
NASDAQ:ACNT • US8715651076
Taking everything into account, ACNT scores 1 out of 10 in our technical rating. ACNT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- ACNT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACNT is lagging the market.
- In the last month ACNT has a been trading in the 13.01 - 17.92 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the performance of all stocks over the past year, ACNT turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- ACNT is an average performer in the Chemicals industry, it outperforms 45% of 84 stocks in the same industry.
The technical rating of ACNT is bad and it also does not present a quality setup 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
11.58
When analyzing the support we can see 5 important areas.
- Support @13.25 from a horizontal line in the daily time frame.
- Support @12.96 from a trend line in the weekly time frame.
- A support zone ranging from 12.57 to 12.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.94 to 12.09. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @11.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @17.78 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 | NEUTRAL | NEUTRAL | The long term trend for ACNT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACNT is down. |
| ChartMill Relative Strength | 47.27 | NEUTRAL | ACNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACNT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ACNT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 20.85 | OVERSOLD | The low RSI value suggests ACNT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests ACNT has a negative trend. |
| Stochastics (14,3) | 1.92 | OVERSOLD | The low Stochastics value suggests ACNT may be oversold. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ACNT suggests some volalility. |
| Average Directional Index/ADX (14) | 32.02 | POSITIVE | The high ADX value value for ACNT suggests a strong trend. |
ACNT Technicals: Chart, Performance Metrics, Trend & Indicators
13.26
-0.15 (-1.12%)
ASCENT INDUSTRIES CO / ACNT FAQ
Can you provide the ChartMill technical rating for ASCENT INDUSTRIES CO?
ChartMill assigns a technical rating of 1 / 10 to ACNT.
Can you provide the trend direction for ASCENT INDUSTRIES CO?
The current trend direction for ASCENT INDUSTRIES CO (ACNT) is Bearish.
Can you provide the RSI signal for ASCENT INDUSTRIES CO?
ASCENT INDUSTRIES CO (ACNT) has an RSI value of 20.8523. This indicates that the stock is currently oversold.
What are the support and resistance levels for ASCENT INDUSTRIES CO (ACNT) stock?
ASCENT INDUSTRIES CO (ACNT) has a support level at 13.25 and a resistance level at 17.78. Check the full technical report for our detailed analysis of ACNT support and resistance levels.