ACLARION INC (ACON) Technical Analysis
NASDAQ:ACON • US6551874091
Current stock price
ACON Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to ACON. ACON scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, ACON is a bad performer in the overall market: 94% of all stocks are doing better.
- ACON is one of the lesser performing stocks in the Health Care Technology industry. 61% of 35 stocks in the same industry do better.
- ACON is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- In the last month ACON has a been trading in the 3.03 - 3.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ACON Weekly and Daily overview Charts
ACON Setup Rating and Analysis
ACON has a bad technical rating, but it does show 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 3.05, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ACON in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ACON Support and Resistance Analysis
3.00
We found 1 important support area.
- A support zone ranging from 3.03 to 3.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @3.25 from a trend line in the daily time frame.
- A resistance zone ranging from 3.58 to 3.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.75 from a horizontal line in the daily time frame.
ACON Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ACON is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACON is neutral. |
| ChartMill Relative Strength | 6.12 | NEGATIVE | ACON has a low relative strength, it was outperformed by 93.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ACON is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.98 | NEUTRAL | The RSI value for ACON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ACON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.89 | NEUTRAL | The Stochastics value for ACON is a neutral value. |
| Average True Range in percent/ATR (20) | 8.17 | HIGH VOLATILITY | The high ATR as a percentage value for ACON suggests high volalility. |
| Average Directional Index/ADX (14) | 23.85 | NEUTRAL | The ADX value for ACON suggests a possible start of a new trend. |
ACON Chart- and CandleStick Pattern Analysis
ACON Technicals: Chart, Performance Metrics, Trend & Indicators
3.23
-0.27 (-7.71%)
ACLARION INC / ACON TA FAQ
What is the ChartMill technical rating of ACLARION INC (ACON) stock?
ChartMill assigns a technical rating of 1 / 10 to ACON.
What is the current trend direction of ACLARION INC (ACON) stock?
The current trend direction for ACLARION INC (ACON) is Bearish.
Can you provide the RSI signal for ACLARION INC?
ACLARION INC (ACON) has an RSI value of 47.9776. This indicates that the stock is currently neutral.
What is the MACD signal for ACON stock?
The MACD indicator for ACLARION INC (ACON) has a value of 0.0110069, indicating a bearish trend.
What are the support and resistance levels for ACLARION INC (ACON) stock?
ACLARION INC (ACON) has a support level at 3.05 and a resistance level at 3.25. Check the full technical report for our detailed analysis of ACON support and resistance levels.