ACLARIS THERAPEUTICS INC (ACRS) Stock Technical Analysis
NASDAQ:ACRS - Nasdaq - US00461U1051 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ACRS. In the past year, ACRS was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
ACRS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACRS is lagging the market.
In the last month ACRS has a been trading in the 1.16 - 1.65 range, which is quite wide. It is currently trading near the high of this range.
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.
Looking at the yearly performance, ACRS did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ACRS has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.15
2.67
We found 2 important support areas.
- Support @1.24 from a trend line in the daily time frame.
- A support zone ranging from 1.16 to 1.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.64 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 ACRS is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACRS is up. |
| ChartMill Relative Strength | 88.24 | POSITIVE | ACRS has a high relative strength, it outperformed 88.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ACRS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ACRS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.34 | NEUTRAL | The RSI value for ACRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ACRS has a positive trend. |
| Stochastics (14,3) | 79.79 | NEUTRAL | The Stochastics value for ACRS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for ACRS suggests high volalility. |
| Average Directional Index/ADX (14) | 25.18 | POSITIVE | The high ADX value value for ACRS suggests a strong 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)
1.61
+0.14 (+9.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg9.52%
1 Week14.18%
2 Weeks19.26%
1 Month25.78%
3 Month-12.02%
6 Month-59.14%
12 Month59.41%
2 Year-84.47%
3 Year-88.47%
5 Year-0.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%6.5%
ATR Inc35.33%
Range Today0.18
ADR(20)0.1
ADR(20)%6.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.24
Mansfield-1.31
10 Day High1.65
10 Day Low1.22
20 Day High1.65
20 Day Low1.16
52 Week High5.17
52 Week Low0.99
CS1 End1.24
CR1 Start2.64
Volume & EV
DER(3)-3.42%
DER(5)1.77%
Volume1.69M
Volume Incr30.28%
Vol(5)868.30K
Vol(50)792.05K