ACACIA RESEARCH CORP (ACTG) Stock Technical Analysis
NASDAQ:ACTG • US0038813079
Taking everything into account, ACTG scores 8 out of 10 in our technical rating. Although ACTG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- ACTG is part of the Financial Services industry. There are 98 other stocks in this industry. ACTG outperforms 74% of them.
- ACTG 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 ACTG is lagging the market slightly.
- In the last month ACTG has a been trading in the 3.82 - 4.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, ACTG turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
Besides having an excellent technical rating, ACTG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ACTG in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- 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
3.21
6 important support areas can be observed.
- A support zone ranging from 3.83 to 3.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.75 from a trend line in the daily time frame.
- Support @3.69 from a horizontal line in the weekly time frame.
- Support @3.54 from a horizontal line in the daily time frame.
- Support @3.45 from a horizontal line in the daily time frame.
- Support @3.24 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.07 to 4.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.15 to 4.21. This zone is formed by a combination of multiple trend lines 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 ACTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACTG is up. |
| ChartMill Relative Strength | 47.22 | NEUTRAL | ACTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACTG is above the rising 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) | UP | POSITIVE | The current price of ACTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.81 | NEUTRAL | The RSI value for ACTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ACTG has a negative trend. |
| Stochastics (14,3) | 55.23 | NEUTRAL | The Stochastics value for ACTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for ACTG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for ACTG suggests a weak or negative 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 |
|---|---|---|---|
| 4.08 | 3.88 | 0.21 (5.02%) | 19.90% |
| An entry @4.08. This is a Buy Stop order right above the resistance zone. | An exit @3.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.21 points, which is 5.02%. | When investing 19.90% 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 ACTG. 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.
4.04
-0.12 (-2.88%)
ACACIA RESEARCH CORP / ACTG FAQ
What is the technical rating for ACTG stock?
ChartMill assigns a technical rating of 8 / 10 to ACTG.
What is the current trend direction of ACACIA RESEARCH CORP (ACTG) stock?
The current trend direction for ACACIA RESEARCH CORP (ACTG) is Bullish.
Can you provide the RSI signal for ACACIA RESEARCH CORP?
ACACIA RESEARCH CORP (ACTG) has an RSI value of 52.8099. This indicates that the stock is currently neutral.
What is the buy/sell signal for ACTG stock?
The buy/sell signal for ACACIA RESEARCH CORP (ACTG) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ACACIA RESEARCH CORP (ACTG) stock?
ACACIA RESEARCH CORP (ACTG) has a support level at 3.91 and a resistance level at 4.07. Check the full technical report for our detailed analysis of ACTG support and resistance levels.