ASCENT INDUSTRIES CO (ACNT) Stock Technical Analysis
USA - NASDAQ:ACNT - US8715651076 - Common Stock
Taking everything into account, ACNT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ACNT is showing a nice and steady performance.
Although ACNT has an excellent technical rating, it does not present a decent entry opportunity 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
11.53
We found 3 important support areas.
- A support zone ranging from 13.68 to 13.73. 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 11.95 to 12.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 89.7 | POSITIVE | ACNT has a high relative strength, it outperformed 89.7% 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) | 73.25 | OVERBOUGHT | The high RSI value suggests ACNT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests ACNT has a positive trend. |
| Stochastics (14,3) | 87.87 | OVERBOUGHT | The high Stochastics value suggests ACNT may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ACNT suggests some volalility. |
| Average Directional Index/ADX (14) | 45.97 | POSITIVE | The high ADX value value for ACNT suggests a strong trend. |
14.26
+0.52 (+3.78%)
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.
What is the current trend direction of ASCENT INDUSTRIES CO (ACNT) stock?
The current trend direction for ASCENT INDUSTRIES CO (ACNT) is Bullish.
What is the RSI signal for ACNT stock?
ASCENT INDUSTRIES CO (ACNT) has an RSI value of 73.2512. This indicates that the stock is currently overbought.
Can you provide the short term momentum for ASCENT INDUSTRIES CO?
The short term momentum for ASCENT INDUSTRIES CO (ACNT) is positive.
Can you provide the support and resistance levels for ASCENT INDUSTRIES CO?
ASCENT INDUSTRIES CO (ACNT) has a support level at 13.73. Check the full technical report for our detailed analysis of ACNT support and resistance levels.