ABRDN INCOME CREDIT STRAT (ACP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ACP - US0030571063
Overall ACP gets a technical rating of 0 out of 10. ACP 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 technical rating of ACP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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5.11
When analyzing the support we notice one important area.
- A support zone ranging from 5.16 to 5.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.43 to 5.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 5.57 to 5.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.90 to 6.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ACP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACP is down. |
| ChartMill Relative Strength | 22.99 | NEGATIVE | ACP has a low relative strength, it was outperformed by 77.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.22 | NEUTRAL | The RSI value for ACP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ACP has a positive trend. |
| Stochastics (14,3) | 72.13 | NEUTRAL | The Stochastics value for ACP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.37 | LOW VOLATILITY | The low ATR as a percentage value for ACP suggests low volalility. |
| Average Directional Index/ADX (14) | 41.31 | POSITIVE | The high ADX value value for ACP suggests a strong trend. |
5.42
-0.05 (-0.91%)
ABRDN INCOME CREDIT STRAT / ACP FAQ
What is the technical rating for ACP stock?
ChartMill assigns a technical rating of 0 / 10 to ACP.
Can you provide the trend direction for ABRDN INCOME CREDIT STRAT?
The current trend direction for ABRDN INCOME CREDIT STRAT (ACP) is Bearish.
What is the RSI signal for ABRDN INCOME CREDIT STRAT (ACP) stock?
ABRDN INCOME CREDIT STRAT (ACP) has an RSI value of 46.2173. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ABRDN INCOME CREDIT STRAT?
The MACD indicator for ABRDN INCOME CREDIT STRAT (ACP) has a value of 0.0126654, indicating a bearish trend.
What is the short term momentum for ACP stock?
The short term momentum for ABRDN INCOME CREDIT STRAT (ACP) is negative.