ACACIA RESEARCH CORP (ACTG) Stock Technical Analysis
USA - NASDAQ:ACTG - US0038813079 - Common Stock
Taking everything into account, ACTG scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ACTG was also a bad performer in the overall market in the last year.
ACTG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
3.11
We found 3 important support areas.
- A support zone ranging from 3.45 to 3.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.24 to 3.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.14 to 3.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @3.71 from a trend line in the daily time frame.
- Resistance @3.89 from a horizontal line in the daily time frame.
- 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 | 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 | 28.93 | NEGATIVE | ACTG has a low relative strength, it was outperformed by 71.07% off all stocks 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 | MIXED | The current price of ACTG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.31 | 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) | 74.31 | NEUTRAL | The Stochastics value for ACTG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for ACTG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.11 | NEGATIVE | The low ADX value for ACTG suggests a weak or negative trend. |
3.65
+0.09 (+2.53%)
ACACIA RESEARCH CORP / ACTG FAQ
What is the technical rating for ACTG stock?
ChartMill assigns a technical rating of 5 / 10 to ACTG.
What is the trend direction for ACTG stock?
The current trend direction for ACACIA RESEARCH CORP (ACTG) is Bearish.
Can you provide the RSI signal for ACACIA RESEARCH CORP?
ACACIA RESEARCH CORP (ACTG) has an RSI value of 59.3107. 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 positive.
Can you provide the support and resistance levels for ACACIA RESEARCH CORP?
ACACIA RESEARCH CORP (ACTG) has a support level at 3.48 and a resistance level at 3.71. Check the full technical report for our detailed analysis of ACTG support and resistance levels.