ACLARION INC (ACON) Stock Technical Analysis
NASDAQ:ACON - Nasdaq - US6551874091 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ACON. ACON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ACON is a bad performer in the overall market: 99% of all stocks are doing better.
ACON is part of the Health Care Technology industry. There are 36 other stocks in this industry, of which 85% 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.
Warning: ACON has an average volume of 16016 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ACON has a been trading in the 6.79 - 8.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ACON has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.32
7.84
We found 2 important support areas.
- A support zone ranging from 7.16 to 7.20. 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 6.38 to 6.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.42 to 7.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.60 from a horizontal line in the daily time frame.
- Resistance @7.76 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 | 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 | 1.71 | NEGATIVE | ACON has a low relative strength, it was outperformed by 98.29% 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) | 46 | NEUTRAL | The RSI value for ACON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ACON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.28 | NEUTRAL | The Stochastics value for ACON is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for ACON suggests high volalility. |
| Average Directional Index/ADX (14) | 10.62 | NEGATIVE | The low ADX value for ACON suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.41
+0.01 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg0.15%
1 Week0.28%
2 Weeks-3.58%
1 Month0.82%
3 Month-17.48%
6 Month-98.06%
12 Month-99.72%
2 Year-99.99%
3 Year-99.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%5.22%
ATR Inc-37.67%
Range Today0.33
ADR(20)0.38
ADR(20)%5.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.71
Mansfield-9.92
10 Day High7.96
10 Day Low7.04
20 Day High8.19
20 Day Low6.79
52 Week High3499.51
52 Week Low6.2
CS1 End7.2
CR1 Start7.42
Volume & EV
DER(3)-6.33%
DER(5)1.03%
Volume16.60K
Volume Incr-22.57%
Vol(5)11.34K
Vol(50)16.02K