Taking everything into account, ACTG scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ACTG is a bad performer.
ACTG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.86. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
3.04
3 important support areas can be observed.
- Support @3.36 from a trend line in the daily time frame.
- A support zone ranging from 3.24 to 3.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.07 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- 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 3.97 to 3.97. 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 | UP | POSITIVE | The long term trend for ACTG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACTG is neutral. |
| ChartMill Relative Strength | 33.44 | NEUTRAL | ACTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACTG is below 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) | DOWN | MIXED | The current price of ACTG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.64 | NEUTRAL | The RSI value for ACTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ACTG has a negative trend. |
| Stochastics (14,3) | 15.89 | OVERSOLD | The low Stochastics value suggests ACTG may be oversold. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ACTG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.17 | NEUTRAL | The ADX value for ACTG suggests a possible start of a new 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 |
|---|---|---|---|
| 3.78 | 3.65 | 0.13 (3.44%) | 25.00% |
| An entry @3.78. This is a Buy Stop order right above the 10 day moving average. | An exit @3.65. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 3.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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.
3.7
-0.03 (-0.8%)
ACACIA RESEARCH CORP / ACTG FAQ
What is the technical rating for ACTG stock?
ChartMill assigns a technical rating of 6 / 10 to ACTG.
What is the trend direction for 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 49.6351. This indicates that the stock is currently neutral.
What is the short term momentum for ACTG stock?
The short term momentum for ACACIA RESEARCH CORP (ACTG) is neutral.
Can you provide the support and resistance levels for ACACIA RESEARCH CORP?
ACACIA RESEARCH CORP (ACTG) has a support level at 3.36 and a resistance level at 3.86. Check the full technical report for our detailed analysis of ACTG support and resistance levels.