ACACIA RESEARCH CORP (ACTG) Stock Technical Analysis
NASDAQ:ACTG - Nasdaq - US0038813079 - Common Stock - Currency: USD
Taking everything into account, ACTG scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ACTG was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ACTG is a bad performer in the overall market: 81% of all stocks are doing better.
ACTG is one of the lesser performing stocks in the Financial Services industry. 72% of 99 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ACTG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ACTG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACTG is lagging the market slightly.
Although the technical rating is only medium, ACTG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.67, a Stop Loss order could be placed below this zone.
More info and screens
3.44
4.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.64 to 3.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.47 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.77 to 3.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.01 from a trend line in the daily time frame.
- Resistance @4.42 from a horizontal 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 ACTG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACTG is up. |
| ChartMill Relative Strength | 19.57 | NEGATIVE | ACTG has a low relative strength, it was outperformed by 80.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACTG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.76 | NEUTRAL | The RSI value for ACTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ACTG has a negative trend. |
| Stochastics (14,3) | 46.76 | NEUTRAL | The Stochastics value for ACTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ACTG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.96 | NEGATIVE | The low ADX value for ACTG suggests a weak or negative 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)
3.68
-0.13 (-3.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-3.41%
1 Week-3.92%
2 Weeks-1.34%
1 Month-0.81%
3 Month2.79%
6 Month-17.86%
12 Month-29.23%
2 Year-11.54%
3 Year-26.98%
5 Year-10.02%
10 Year-58.04%
15 Year-74.14%
Volatility
ATR(14)0.11
ATR(20)%3.22%
ATR Inc26%
Range Today0.2
ADR(20)0.11
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.57
Mansfield-1.8
10 Day High3.91
10 Day Low3.68
20 Day High3.92
20 Day Low3.58
52 Week High5.7
52 Week Low2.7
CS1 End3.67
CR1 Start3.77
Volume & EV
DER(3)-1.91%
DER(5)-4.45%
Volume170.80K
Volume Incr-4.04%
Vol(5)208.32K
Vol(50)277.10K