ABRDN INCOME CREDIT STRAT (ACP) Stock Technical Analysis
NYSE:ACP - New York Stock Exchange, Inc. - US0030571063 - Currency: USD
Taking everything into account, ACP scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ACP was also a bad performer in the overall market in the last year.
71% of all other stocks performed better in the past year than ACP.
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.
ACP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACP is lagging the market slightly.
In the last month ACP has a been trading in a tight range between 5.63 and 5.92.
ACP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.83, a Stop Loss order could be placed below this zone.
More info and screens
5.64
7.13
We found 1 important support area.
- A support zone ranging from 5.70 to 5.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 5.87 to 5.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.06 to 6.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.46 to 6.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 6.63 to 6.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.06 from a horizontal line in the weekly 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 ACP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACP is up. |
| ChartMill Relative Strength | 29.45 | NEGATIVE | ACP has a low relative strength, it was outperformed by 70.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ACP is above 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) | 54.95 | NEUTRAL | The RSI value for ACP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ACP has a negative trend. |
| Stochastics (14,3) | 59.72 | NEUTRAL | The Stochastics value for ACP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for ACP suggests low volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for ACP 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)
NYSE:ACP (5/30/2025, 8:04:00 PM)
5.83
-0.04 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.68%
1 Week1.75%
2 Weeks-1.35%
1 Month2.82%
3 Month-3.64%
6 Month-9.47%
12 Month-12.99%
2 Year-12.33%
3 Year-32.83%
5 Year-28.99%
10 Year-61.42%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1.24%
ATR Inc8.16%
Range Today0.06
ADR(20)0.07
ADR(20)%1.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.45
Mansfield-0.95
10 Day High5.93
10 Day Low5.68
20 Day High5.93
20 Day Low5.63
52 Week High7
52 Week Low4.92
CS1 End5.83
CR1 Start5.87
Volume & EV
DER(3)-3.8%
DER(5)-1.83%
Volume600.80K
Volume Incr-7.64%
Vol(5)559.14K
Vol(50)725.09K