ACRIVON THERAPEUTICS INC (ACRV) Stock Technical Analysis
USA - NASDAQ:ACRV - US0048901096 - Common Stock
2 USD
+0.01 (+0.5%)
2.09 USD
+0.09 (+4.5%)
We assign a technical rating of 5 out of 10 to ACRV. Recently some decent action could be observed, but in the medium term time frame this is still negative. ACRV was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ACRV is a bad performer in the overall market: 87% of all stocks are doing better.
ACRV is one of the lesser performing stocks in the Biotechnology industry. 63% of 534 stocks in the same industry do better.
ACRV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month ACRV has a been trading in the 1.52 - 2.06 range, which is quite wide. It is currently trading near the high of this range.
ACRV has an average volume of 1060730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ACRV has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ACRV 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.
More info and screens
1.41
2.02
4 important support areas can be observed.
- A support zone ranging from 1.86 to 1.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.74 from a horizontal line in the daily time frame.
- Support @1.45 from a trend line in the weekly time frame.
- Support @1.42 from a trend 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 ACRV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACRV is up. |
| ChartMill Relative Strength | 13.72 | NEGATIVE | ACRV has a low relative strength, it was outperformed by 86.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACRV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACRV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACRV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63 | NEUTRAL | The RSI value for ACRV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ACRV has a positive trend. |
| Stochastics (14,3) | 88.27 | OVERBOUGHT | The high Stochastics value suggests ACRV may be overbought. |
| Average True Range in percent/ATR (20) | 7.25 | HIGH VOLATILITY | The high ATR as a percentage value for ACRV suggests high volalility. |
| Average Directional Index/ADX (14) | 32.29 | POSITIVE | The high ADX value value for ACRV 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)
2
+0.01 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.5%
1 Week6.95%
2 Weeks2.04%
1 Month29.87%
3 Month39.86%
6 Month21.95%
12 Month-74.87%
2 Year-61.83%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%7.25%
ATR Inc-10.81%
Range Today0.15
ADR(20)0.14
ADR(20)%7.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.72
3 months CRS92.75
6 months CRS69.85
Mansfield-4.79
10 Day High2.06
10 Day Low1.69
20 Day High2.06
20 Day Low1.52
52 Week High8.74
52 Week Low1.05
CS1 End1.89
CR1 StartN/A
Volume & EV
DER(3)5.08%
DER(5)7.86%
Volume349.20K
Volume Incr-24.21%
Vol(5)365.60K
Vol(50)1.06M