ACACIA RESEARCH CORP (ACTG) Stock Technical Analysis
NASDAQ:ACTG - US0038813079 - Common Stock
3.29 USD
0 (0%)
3.29 USD
0 (0%)
We assign a technical rating of 0 out of 10 to ACTG. ACTG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
91% of all other stocks performed better in the past year than ACTG.
ACTG is part of the Financial Services industry. There are 100 other stocks in this industry, of which 85% are performing better than ACTG.
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.
ACTG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
ACTG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.26, a Stop Loss order could be placed below this zone.
More info and screens
2.80
3.93
2 important support areas can be observed.
- A support zone ranging from 3.25 to 3.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.83 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.29 to 3.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.78 from a trend line in the weekly time frame.
- A resistance zone ranging from 3.85 to 3.89. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for ACTG is down. |
| ChartMill Relative Strength | 9.44 | NEGATIVE | ACTG has a low relative strength, it was outperformed by 90.56% 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) | 42.27 | NEUTRAL | The RSI value for ACTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ACTG has a positive trend. |
| Stochastics (14,3) | 31.84 | NEUTRAL | The Stochastics value for ACTG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for ACTG suggests some volalility. |
| Average Directional Index/ADX (14) | 19 | 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)
3.29
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0%
1 Week1.54%
2 Weeks-4.36%
1 Month-8.86%
3 Month-11.8%
6 Month-21.67%
12 Month-31.6%
2 Year-13.65%
3 Year-26.73%
5 Year-13.31%
10 Year-65.44%
15 Year-78.17%
Volatility
ATR(14)0.11
ATR(20)%4.21%
ATR Inc-48.91%
Range Today0.06
ADR(20)0.14
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.44
Mansfield-2.5
10 Day High3.46
10 Day Low3.17
20 Day High3.69
20 Day Low3.12
52 Week High5.36
52 Week Low2.7
CS1 End3.26
CR1 Start3.29
Volume & EV
DER(3)0.26%
DER(5)0.29%
Volume109.00K
Volume Incr-37.07%
Vol(5)146.28K
Vol(50)193.96K