ACME UNITED CORP (ACU) Stock Technical Analysis
NYSEARCA:ACU - NYSE Arca - US0048161048 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ACU. Although ACU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: ACU has an average volume of 22144 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the performance of all stocks over the past year, ACU turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
ACU is part of the Commercial Services & Supplies industry. There are 83 other stocks in this industry, ACU did better than 48% of them.
ACU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACU is lagging the market.
In the last month ACU has a been trading in the 38.19 - 44.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ACU also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
35.41
44.97
3 important support areas can be observed.
- A support zone ranging from 37.03 to 38.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.38 from a trend line in the weekly time frame.
- Support @35.77 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 41.85 to 41.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 44.09 to 44.52. 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 ACU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACU is neutral. |
| ChartMill Relative Strength | 45.63 | NEUTRAL | ACU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.15 | NEUTRAL | The RSI value for ACU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests ACU has a negative trend. |
| Stochastics (14,3) | 42.7 | NEUTRAL | The Stochastics value for ACU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for ACU suggests some volalility. |
| Average Directional Index/ADX (14) | 18.24 | NEGATIVE | The low ADX value for ACU 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)
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 |
|---|---|---|---|
| 41.88 | 40.79 | 1.09 (2.59%) | 25.00% |
| An entry @41.88. This is a Buy Stop order right above the resistance zone. | An exit @40.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.09 points, which is 2.59%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ACU. 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.
41.61
-0.39 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.93%
1 Week-3.23%
2 Weeks-4.63%
1 Month8.08%
3 Month0.56%
6 Month11.85%
12 Month8.13%
2 Year36.79%
3 Year44.48%
5 Year92.02%
10 Year127.88%
15 Year313.21%
Volatility
ATR(14)1.39
ATR(20)%3.28%
ATR Inc-15.6%
Range Today1.3
ADR(20)1.3
ADR(20)%3.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.63
Mansfield-0.46
10 Day High44.88
10 Day Low40.8
20 Day High44.88
20 Day Low38.19
52 Week High50
52 Week Low32.85
CS1 End38.14
CR1 Start41.85
Volume & EV
DER(3)-1.91%
DER(5)-2.2%
Volume11.70K
Volume Incr-73.97%
Vol(5)9.78K
Vol(50)22.14K