Overall ACON gets a technical rating of 0 out of 10. 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.
ACON has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 5.87, 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
5.81
We found 1 important support area.
- A support zone ranging from 5.87 to 5.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.67 to 6.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.95 from a trend 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 | 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 | 2.63 | NEGATIVE | ACON has a low relative strength, it was outperformed by 97.37% 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 | NEGATIVE | The current price of ACON is below 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) | 44.04 | NEUTRAL | The RSI value for ACON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ACON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.51 | NEUTRAL | The Stochastics value for ACON is a neutral value. |
| Average True Range in percent/ATR (20) | 9.6 | HIGH VOLATILITY | The high ATR as a percentage value for ACON suggests high volalility. |
| Average Directional Index/ADX (14) | 20.25 | NEUTRAL | The ADX value for ACON suggests a possible start of a new trend. |
6.11
-0.65 (-9.62%)
ACLARION INC / ACON FAQ
What is the ChartMill technical rating of ACLARION INC (ACON) stock?
ChartMill assigns a technical rating of 0 / 10 to ACON.
What is the trend direction for ACON stock?
The current trend direction for ACLARION INC (ACON) is Bearish.
What is the RSI signal for ACLARION INC (ACON) stock?
ACLARION INC (ACON) has an RSI value of 44.0437. 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 0.0459968, indicating a bearish trend.
Can you provide the support and resistance levels for ACLARION INC?
ACLARION INC (ACON) has a support level at 5.87 and a resistance level at 6.67. Check the full technical report for our detailed analysis of ACON support and resistance levels.