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.
Although the technical rating is bad, ACON does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.23. Right above this resistance zone may be a good entry point. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.23 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.77 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 | DOWN | NEGATIVE | The short term trend for ACON is down. |
| ChartMill Relative Strength | 2.4 | NEGATIVE | ACON has a low relative strength, it was outperformed by 97.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACON is below the rising 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) | 46.65 | NEUTRAL | The RSI value for ACON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ACON has a positive trend. |
| Stochastics (14,3) | 18.35 | OVERSOLD | The low Stochastics value suggests ACON may be oversold. |
| 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) | 14.74 | NEGATIVE | The low ADX value for ACON suggests a weak or negative trend. |
6.2
-0.14 (-2.21%)
ACLARION INC / ACON 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 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 46.6549. 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 0.0298305, 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 6.23. Check the full technical report for our detailed analysis of ACON support and resistance levels.