ACACIA RESEARCH CORP (ACTG) Stock Technical Analysis
USA - NASDAQ:ACTG - US0038813079 - Common Stock
3.31 USD
-0.09 (-2.65%)
3.31 USD
0 (0%)
Taking everything into account, ACTG scores 1 out of 10 in our technical rating. ACTG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ACTG is a bad performer in the overall market: 89% of all stocks are doing better.
ACTG is one of the lesser performing stocks in the Financial Services industry. 84% of 101 stocks in the same industry do better.
ACTG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ACTG has a been trading in the 3.13 - 3.50 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.
ACTG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.36. Right above this resistance zone may be a good entry point.
More info and screens
3.04
3.93
When analyzing the support we can see 2 important areas.
- Support @3.17 from a trend line in the daily time frame.
- Support @3.07 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.36 to 3.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.69 from a trend line in the weekly time frame.
- Resistance @3.77 from a trend line in the daily time frame.
- Resistance @3.89 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 | DOWN | NEGATIVE | The long term trend for ACTG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACTG is neutral. |
| ChartMill Relative Strength | 11.13 | NEGATIVE | ACTG has a low relative strength, it was outperformed by 88.87% off all stocks 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) | DOWN | NEGATIVE | The current price of ACTG is below a declining 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) | 48.22 | NEUTRAL | The RSI value for ACTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ACTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56 | NEUTRAL | The Stochastics value for ACTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ACTG suggests some volalility. |
| Average Directional Index/ADX (14) | 10.33 | 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)
3.31
-0.09 (-2.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-2.65%
1 Week0.61%
2 Weeks0.3%
1 Month1.53%
3 Month-7.54%
6 Month-3.22%
12 Month-27.73%
2 Year-9.32%
3 Year-18.07%
5 Year-4.61%
10 Year-63.55%
15 Year-81.19%
Volatility
ATR(14)0.13
ATR(20)%3.79%
ATR Inc14.36%
Range Today0.17
ADR(20)0.12
ADR(20)%3.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.13
Mansfield-2.44
10 Day High3.46
10 Day Low3.13
20 Day High3.51
20 Day Low3.13
52 Week High5.36
52 Week Low2.7
CS1 End3.17
CR1 Start3.36
Volume & EV
DER(3)-1.6%
DER(5)1.09%
Volume386.70K
Volume Incr21.85%
Vol(5)235.28K
Vol(50)211.28K