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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 45% of all stocks.
- ACTG is an average performer in the Financial Services industry, it outperforms 61% of 97 stocks in the same industry.
- 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 3.49 - 4.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ACTG has an excellent technical rating, the quality of the presented setup is not ideal 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
3.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.69 to 3.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.60 from a trend line in the daily time frame.
- Support @3.54 from a horizontal line in the daily time frame.
- A support zone ranging from 3.42 to 3.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.24 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.94 to 3.97. 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 | 45.28 | 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) | 59.8 | 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. |
| Stochastics (14,3) | 75.84 | NEUTRAL | The Stochastics value for ACTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for ACTG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for ACTG suggests a weak or negative trend. |
3.93
+0.12 (+3.15%)
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 59.8016. 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 3.77 and a resistance level at 3.94. Check the full technical report for our detailed analysis of ACTG support and resistance levels.