ACON Technical Analysis - ACLARION INC

Technical Rating and Analysis

Taking everything into account, ACON scores 5 out of 10 in our technical rating. In the past year, ACON was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, ACON is a bad performer in the overall market: 93% of all stocks are doing better.

ACON is part of the Health Care Technology industry. There are 35 other stocks in this industry, of which 67% are performing better than ACON.

ACON is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month ACON has a been trading in the 7.25 - 12.03 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

ACON has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

6.88

9.79

When analyzing the support we can see 3 important areas.

Support @7.43 from a trend line in the daily time frame.
A support zone ranging from 7.12 to 7.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @6.95 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The short term trend for ACON is up.
ChartMill Relative Strength	7.02	NEGATIVE	ACON has a low relative strength, it was outperformed by 92.98% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ACON is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ACON is above the rising 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)	68.44	NEUTRAL	The RSI value for ACON is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests ACON has a positive trend.
Stochastics (14,3)	62.93	NEUTRAL	The Stochastics value for ACON is a neutral value.
Average True Range in percent/ATR (20)	8.05	HIGH VOLATILITY	The high ATR as a percentage value for ACON suggests high volalility.
Average Directional Index/ADX (14)	28.84	POSITIVE	The high ADX value value for ACON suggests a strong trend.