ACACIA RESEARCH CORP (ACTG) Stock Technical Analysis
NASDAQ:ACTG - Nasdaq - US0038813079 - Common Stock - Currency: USD
Taking everything into account, ACTG scores 6 out of 10 in our technical rating. ACTG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ACTG has a been trading in the 3.52 - 4.02 range, which is quite wide. It is currently trading near the high of this range.
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 43% of all stocks.
ACTG is part of the Financial Services industry. There are 100 other stocks in this industry, ACTG did better than 52% of them.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ACTG has an average technical rating and it also does not offer a high quality setup 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
3.51
4.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.66 to 3.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.55 to 3.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- 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.
- Resistance @4.14 from a trend line in the daily time frame.
- Resistance @4.42 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 | NEUTRAL | NEUTRAL | The long term trend for ACTG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACTG is up. |
| ChartMill Relative Strength | 43.9 | 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) | DOWN | NEGATIVE | The current price of ACTG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.89 | 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) | 83.48 | OVERBOUGHT | The high Stochastics value suggests ACTG may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ACTG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.86 | 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)
3.97
+0.13 (+3.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg3.39%
1 Week6.15%
2 Weeks9.67%
1 Month3.93%
3 Month36.43%
6 Month-5.92%
12 Month-26.75%
2 Year-0.5%
3 Year-21.23%
5 Year0.25%
10 Year-57.81%
15 Year-70.35%
Volatility
ATR(14)0.12
ATR(20)%3.09%
ATR Inc34.37%
Range Today0.2
ADR(20)0.12
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.9
Mansfield-1.24
10 Day High4.02
10 Day Low3.52
20 Day High4.02
20 Day Low3.52
52 Week High5.7
52 Week Low2.7
CS1 End3.81
CR1 Start3.98
Volume & EV
DER(3)6.96%
DER(5)6.6%
Volume375.40K
Volume Incr39.65%
Vol(5)227.12K
Vol(50)211.62K