ACR Technical Analysis - AXACTOR ASA

Technical Rating and Analysis

Overall ACR gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month ACR has a been trading in the 7.80 - 9.62 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

When comparing the yearly performance of all stocks, we notice that ACR is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, ACR also shows a nice and consistent pattern of rising prices.

ACR is one of the better performing stocks in the Consumer Finance industry, it outperforms 85% of 8 stocks in the same industry.

ACR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ACR is lagging the market slightly.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ACR has an excellent technical rating, it does not present a decent entry opportunity 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.73

8.74

2 important support areas can be observed.

Support @7.79 from a horizontal line in the daily time frame.
Support @4.78 from a trend line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 8.13 to 8.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 8.55 to 8.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for ACR.OL is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ACR.OL is down.
ChartMill Relative Strength	97.04	POSITIVE	ACR.OL has a high relative strength, it outperformed 97.04% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ACR.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ACR.OL is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ACR.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.7	NEUTRAL	The RSI value for ACR.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests ACR.OL has a negative trend.
Stochastics (14,3)	28.57	NEUTRAL	The Stochastics value for ACR.OL is a neutral value.
Average True Range in percent/ATR (20)	4.51	MEDIUM VOLATILITY	The ATR as a percentage value for ACR.OL suggests some volalility.
Average Directional Index/ADX (14)	16.97	NEGATIVE	The low ADX value for ACR.OL suggests a weak or negative trend.