ACASTI PHARMA INC (ACST) Technical Analysis
NASDAQ:ACST • CA00430K8656
Current stock price
ACST Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ACST. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ACST is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ACST did better than 86% of all other stocks. We also observe that the gains produced by ACST over the past year are nicely spread over this period.
- ACST is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. ACST outperforms 73% of them.
- ACST is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ACST is lagging the market slightly.
- In the last month ACST has a been trading in the 2.77 - 3.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
ACST Weekly and Daily overview Charts
ACST Setup Rating and Analysis
Besides having an excellent technical rating, ACST also presents 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 ACST 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
ACST Support and Resistance Analysis
2.33
2 important support areas can be observed.
- A support zone ranging from 3.21 to 3.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.38 from a trend line in the daily time frame.
- A resistance zone ranging from 3.44 to 3.45. This zone is formed by a combination of multiple trend lines in the weekly time frame.
ACST Technical Indicator Signal Analysis
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 ACST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACST is up. |
| ChartMill Relative Strength | 86.9 | POSITIVE | ACST has a high relative strength, it outperformed 86.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.06 | NEUTRAL | The RSI value for ACST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ACST has a negative trend. |
| Stochastics (14,3) | 75.47 | NEUTRAL | The Stochastics value for ACST is a neutral value. |
| Average True Range in percent/ATR (20) | 5.98 | HIGH VOLATILITY | The high ATR as a percentage value for ACST suggests high volalility. |
| Average Directional Index/ADX (14) | 29.64 | POSITIVE | The high ADX value value for ACST suggests a strong trend. |
ACST Chart- and CandleStick Pattern Analysis
ACST Example Setup
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 |
|---|---|---|---|
| 3.39 | 3.20 | 0.19 (5.60%) | 17.84% |
| An entry @3.39. This is a Buy Stop order right above the resistance zone. | An exit @3.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.19 points, which is 5.60%. | For a 1.00% total portfolio risk, you can invest 17.84% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ACST. Please evaluate whether better entry and exit points can be found.
- 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.
ACST Technicals: Chart, Performance Metrics, Trend & Indicators
3.37
-0.03 (-0.88%)
ACASTI PHARMA INC / ACST TA FAQ
What is the technical rating for ACST stock?
ChartMill assigns a technical rating of 10 / 10 to ACST.
Can you provide the trend direction for ACASTI PHARMA INC?
The current trend direction for ACASTI PHARMA INC (ACST) is Bullish.
What is the RSI signal for ACST stock?
ACASTI PHARMA INC (ACST) has an RSI value of 58.0573. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ACASTI PHARMA INC?
The MACD indicator for ACASTI PHARMA INC (ACST) has a value of -0.00667421, indicating a bearish trend.
Can you provide the support and resistance levels for ACASTI PHARMA INC?
ACASTI PHARMA INC (ACST) has a support level at 3.24 and a resistance level at 3.38. Check the full technical report for our detailed analysis of ACST support and resistance levels.