ACRIVON THERAPEUTICS INC (ACRV) Stock Technical Analysis
USA - NASDAQ:ACRV - US0048901096 - Common Stock
Taking everything into account, ACRV scores 6 out of 10 in our technical rating. ACRV has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
ACRV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ACRV in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.47
When analyzing the support we can see 4 important areas.
- Support @1.94 from a trend line in the daily time frame.
- Support @1.89 from a horizontal line in the daily time frame.
- Support @1.51 from a trend line in the weekly time frame.
- Support @1.48 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 | NEUTRAL | NEUTRAL | The long term trend for ACRV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACRV is up. |
| ChartMill Relative Strength | 38.33 | NEUTRAL | ACRV is not amongst the best or worst performers 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) | 58.54 | 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) | 61.27 | NEUTRAL | The Stochastics value for ACRV is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for ACRV suggests high volalility. |
| Average Directional Index/ADX (14) | 24.93 | NEUTRAL | The ADX value for ACRV suggests a possible start of a new 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 |
|---|---|---|---|
| 2.47 | 1.93 | 0.54 (21.86%) | 4.57% |
| An entry @2.47. This is a Buy Stop order right above the 10 day high. | An exit @1.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.54 points, which is 21.86%. | When investing 4.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
2.24
+0.17 (+8.21%)
ACRIVON THERAPEUTICS INC / ACRV FAQ
Can you provide the ChartMill technical rating for ACRIVON THERAPEUTICS INC?
ChartMill assigns a technical rating of 6 / 10 to ACRV.
What is the trend direction for ACRV stock?
The current trend direction for ACRIVON THERAPEUTICS INC (ACRV) is Bearish.
Can you provide the RSI signal for ACRIVON THERAPEUTICS INC?
ACRIVON THERAPEUTICS INC (ACRV) has an RSI value of 58.5378. This indicates that the stock is currently neutral.
What is the MACD signal for ACRV stock?
The MACD indicator for ACRIVON THERAPEUTICS INC (ACRV) has a value of 0.00416622, indicating a bearish trend.
What are the support and resistance levels for ACRIVON THERAPEUTICS INC (ACRV) stock?
ACRIVON THERAPEUTICS INC (ACRV) has a support level at 1.94. Check the full technical report for our detailed analysis of ACRV support and resistance levels.