Arclight Clean Transition Corp Cl A (ACTC) Stock Technical Analysis
USA - NASDAQ:ACTC -
We assign a technical rating of 5 out of 10 to ACTC. ACTC 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.
ACTC has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.79
We found 1 important support area.
- Support @13.93 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.74 to 19.17. This zone is formed by a combination of multiple trend lines and important moving averages 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 ACTC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACTC is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ACTC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACTC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ACTC is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 54.66 | NEUTRAL | The RSI value for ACTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ACTC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.1 | NEUTRAL | The Stochastics value for ACTC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for ACTC suggests high volalility. |
Arclight Clean Transition Corp Cl A
NASDAQ:ACTC (6/14/2021, 8:00:00 PM)
After market: 18.25 +0.16 (+0.88%)18.09
-0.92 (-4.84%)
Arclight Clean Transition Corp Cl A / ACTC FAQ
What is the technical rating for ACTC stock?
ChartMill assigns a technical rating of 5 / 10 to ACTC.
What is the trend direction for ACTC stock?
The current trend direction for Arclight Clean Transition Corp Cl A (ACTC) is Bullish.
What is the RSI signal for ACTC stock?
Arclight Clean Transition Corp Cl A (ACTC) has an RSI value of 54.6639. This indicates that the stock is currently neutral.
What is the buy/sell signal for ACTC stock?
The buy/sell signal for Arclight Clean Transition Corp Cl A (ACTC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Arclight Clean Transition Corp Cl A (ACTC) stock?
Arclight Clean Transition Corp Cl A (ACTC) has a support level at 13.93 and a resistance level at 18.74. Check the full technical report for our detailed analysis of ACTC support and resistance levels.