ACLARIS THERAPEUTICS INC (ACRS) Stock Technical Analysis
USA - NASDAQ:ACRS - US00461U1051 - Common Stock
Taking everything into account, ACRS scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ACRS is only an average performer.
Besides having an excellent technical rating, ACRS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.53. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ACRS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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1.15
7 important support areas can be observed.
- Support @2.21 from a trend line in the daily time frame.
- A support zone ranging from 2.09 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.99 from a trend line in the weekly time frame.
- Support @1.95 from a trend line in the daily time frame.
- Support @1.81 from a horizontal line in the daily time frame.
- Support @1.24 from a trend line in the weekly time frame.
- Support @1.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.53 to 2.57. 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 | UP | POSITIVE | The long term trend for ACRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACRS is up. |
| ChartMill Relative Strength | 51.79 | NEUTRAL | ACRS is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ACRS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ACRS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.16 | NEUTRAL | The RSI value for ACRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ACRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55 | NEUTRAL | The Stochastics value for ACRS is a neutral value. |
| Average True Range in percent/ATR (20) | 10.35 | HIGH VOLATILITY | The high ATR as a percentage value for ACRS suggests high volalility. |
| Average Directional Index/ADX (14) | 34.11 | POSITIVE | The high ADX value value for ACRS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.58 | 2.20 | 0.38 (14.73%) | 6.79% |
| An entry @2.58. This is a Buy Stop order right above the resistance zone. | An exit @2.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.38 points, which is 14.73%. | For a 1.00% total portfolio risk, you can invest 6.79% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.45
-0.07 (-2.78%)
ACLARIS THERAPEUTICS INC / ACRS FAQ
What is the technical rating for ACRS stock?
ChartMill assigns a technical rating of 8 / 10 to ACRS.
Can you provide the trend direction for ACLARIS THERAPEUTICS INC?
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 57.1589. This indicates that the stock is currently neutral.
What is the MACD signal for ACRS stock?
The MACD indicator for ACLARIS THERAPEUTICS INC (ACRS) has a value of -0.00269301, indicating a bearish trend.
What is the short term momentum for ACRS stock?
The short term momentum for ACLARIS THERAPEUTICS INC (ACRS) is positive.