ACASTI PHARMA INC (ACST) Stock Technical Analysis
NASDAQ:ACST - Nasdaq - CA00430K8656 - Common Stock - Currency: USD
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!
When comparing the yearly performance of all stocks, we notice that ACST is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, ACST also shows a nice and consistent pattern of rising prices.
ACST is part of the Pharmaceuticals industry. There are 195 other stocks in this industry. ACST outperforms 82% 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 has an excellent technical rating and 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
2.33
3.48
When analyzing the support we can see 2 important areas.
- 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.
2 important resistance areas can be observed.
- 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.
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. |
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)
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%. | When investing 17.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
3.37
-0.03 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.88%
1 Week1.2%
2 Weeks0.88%
1 Month8.01%
3 Month22.1%
6 Month16.21%
12 Month40.42%
2 Year-0.77%
3 Year-66.37%
5 Year-96.18%
10 Year-99.87%
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%5.98%
ATR Inc33.86%
Range Today0.25
ADR(20)0.2
ADR(20)%5.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.9
Mansfield0.7
10 Day High3.6
10 Day Low3.12
20 Day High3.6
20 Day Low2.77
52 Week High3.6
52 Week Low1.98
CS1 End3.24
CR1 Start3.38
Volume & EV
DER(3)3.05%
DER(5)8.9%
Volume27.80K
Volume Incr108.1%
Vol(5)76.28K
Vol(50)32.56K