ACME UNITED CORP (ACU) Stock Technical Analysis
NYSEARCA:ACU - NYSE Arca - US0048161048 - Common Stock - Currency: USD
Overall ACU gets a technical rating of 6 out of 10. In the last year, ACU was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Warning: ACU has an average volume of 20906 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 44% of all stocks.
ACU is an average performer in the Commercial Services & Supplies industry, it outperforms 51% of 84 stocks in the same industry.
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 39.90 - 44.64 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.
ACU 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
34.75
45.20
We found 4 important support areas.
- A support zone ranging from 38.24 to 38.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.57 to 37.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.77 from a horizontal line in the daily time frame.
- Support @35.10 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 41.08 to 41.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @43.12 from a trend line in the weekly time frame.
- A resistance zone ranging from 44.09 to 44.75. 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 | 44.81 | NEUTRAL | ACU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ACU is below 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) | 45.86 | NEUTRAL | The RSI value for ACU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ACU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.02 | NEUTRAL | The Stochastics value for ACU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ACU suggests some volalility. |
| Average Directional Index/ADX (14) | 14.03 | 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)
40.92
-2.09 (-4.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-4.86%
1 Week0.02%
2 Weeks1.97%
1 Month-1.66%
3 Month2.79%
6 Month7.37%
12 Month0.54%
2 Year38.66%
3 Year42.33%
5 Year85.66%
10 Year136.53%
15 Year311.26%
Volatility
ATR(14)1.51
ATR(20)%3.65%
ATR Inc103.5%
Range Today3.5
ADR(20)1.41
ADR(20)%3.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.81
Mansfield-0.74
10 Day High44.64
10 Day Low40
20 Day High44.64
20 Day Low39.9
52 Week High45.42
52 Week Low34.35
CS1 End38.48
CR1 Start41.08
Volume & EV
DER(3)3.84%
DER(5)1.03%
Volume22.40K
Volume Incr14.16%
Vol(5)10.40K
Vol(50)20.91K