ACLARIS THERAPEUTICS INC (ACRS) Stock Technical Analysis
NASDAQ:ACRS • US00461U1051
Overall ACRS gets a technical rating of 5 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 ACRS has a been trading in the 2.80 - 3.80 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 ACRS is one of the better performing stocks in the market, outperforming 80% of all stocks.
- ACRS has an average volume of 1930890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- ACRS is an average performer in the Pharmaceuticals industry, it outperforms 67% of 192 stocks in the same industry.
- ACRS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACRS is lagging the market.
ACRS has an average technical rating and it also does not offer a high 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.
More info and screens
1.15
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.61 to 2.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.54 from a trend line in the weekly time frame.
- Support @2.32 from a trend line in the daily time frame.
- Support @1.16 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.20 to 3.25. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ACRS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACRS is down. |
| ChartMill Relative Strength | 80.46 | POSITIVE | ACRS has a high relative strength, it outperformed 80.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACRS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.28 | NEUTRAL | The RSI value for ACRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ACRS has a negative trend. |
| Stochastics (14,3) | 23.56 | NEUTRAL | The Stochastics value for ACRS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.86 | HIGH VOLATILITY | The high ATR as a percentage value for ACRS suggests high volalility. |
| Average Directional Index/ADX (14) | 16.34 | NEGATIVE | The low ADX value for ACRS suggests a weak or negative trend. |
2.87
-0.26 (-8.31%)
ACLARIS THERAPEUTICS INC / ACRS FAQ
What is the technical rating for ACRS stock?
ChartMill assigns a technical rating of 5 / 10 to ACRS.
What is the current trend direction of ACLARIS THERAPEUTICS INC (ACRS) stock?
The current trend direction for ACLARIS THERAPEUTICS INC (ACRS) is Bullish.
Can you provide the RSI signal for ACLARIS THERAPEUTICS INC?
ACLARIS THERAPEUTICS INC (ACRS) has an RSI value of 37.276. This indicates that the stock is currently neutral.
What is the short term momentum for ACLARIS THERAPEUTICS INC (ACRS) stock?
The short term momentum for ACLARIS THERAPEUTICS INC (ACRS) is negative.
What is the buy/sell signal for ACRS stock?
The buy/sell signal for ACLARIS THERAPEUTICS INC (ACRS) is hold as the short term and long term trends are mixed.