ACACIA RESEARCH CORP (ACTG) Stock Technical Analysis
NASDAQ:ACTG - Nasdaq - US0038813079 - Common Stock - Currency: USD
Overall ACTG gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ACTG is a bad performer in the overall market: 86% of all stocks are doing better.
ACTG is one of the lesser performing stocks in the Financial Services industry. 81% of 101 stocks in the same industry do better.
ACTG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACTG is lagging the market.
In the last month ACTG has a been trading in the 3.36 - 4.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ACTG has a poor technical rating and the quality of the setup is also only medium 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
3.39
4.02
We found 1 important support area.
- A support zone ranging from 3.42 to 3.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.66 to 3.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.86 to 3.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.98 to 3.98. 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 | DOWN | NEGATIVE | The long term trend for ACTG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACTG is down. |
| ChartMill Relative Strength | 14.27 | NEGATIVE | ACTG has a low relative strength, it was outperformed by 85.73% 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) | 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) | 45.37 | NEUTRAL | The RSI value for ACTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ACTG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.05 | NEUTRAL | The Stochastics value for ACTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for ACTG suggests some volalility. |
| Average Directional Index/ADX (14) | 11.61 | 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)
3.59
+0.03 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.84%
1 Week-4.01%
2 Weeks-2.71%
1 Month-5.28%
3 Month-4.77%
6 Month-15.73%
12 Month-21.62%
2 Year-5.77%
3 Year-20.04%
5 Year-5.4%
10 Year-62.29%
15 Year-76.18%
Volatility
ATR(14)0.12
ATR(20)%3.71%
ATR Inc-11.09%
Range Today0.09
ADR(20)0.13
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.27
Mansfield-1.83
10 Day High3.88
10 Day Low3.36
20 Day High4.02
20 Day Low3.36
52 Week High5.36
52 Week Low2.7
CS1 End3.42
CR1 Start3.66
Volume & EV
DER(3)3.15%
DER(5)3.34%
Volume127.50K
Volume Incr0.79%
Vol(5)166.60K
Vol(50)167.50K