ACME UNITED CORP (ACU) Stock Technical Analysis
USA - NYSEARCA:ACU - US0048161048 - Common Stock
We assign a technical rating of 0 out of 10 to ACU. ACU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ACU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 37.66, a Stop Loss order could be placed below this zone.
More info and screens
36.66
When analyzing the support we notice one important area.
- A support zone ranging from 37.03 to 37.66. 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 38.52 to 38.60. 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 39.38 to 39.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 43.19 to 44.09. 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 | DOWN | NEGATIVE | The long term trend for ACU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACU is down. |
| ChartMill Relative Strength | 24.44 | NEGATIVE | ACU has a low relative strength, it was outperformed by 75.56% off all stocks 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) | DOWN | NEGATIVE | The current price of ACU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ACU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.63 | NEUTRAL | The RSI value for ACU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ACU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.24 | NEUTRAL | The Stochastics value for ACU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for ACU suggests some volalility. |
| Average Directional Index/ADX (14) | 15.72 | NEGATIVE | The low ADX value for ACU suggests a weak or negative trend. |
38.01
-0.31 (-0.81%)
ACME UNITED CORP / ACU FAQ
What is the technical rating for ACU stock?
ChartMill assigns a technical rating of 0 / 10 to ACU.
What is the current trend direction of ACME UNITED CORP (ACU) stock?
The current trend direction for ACME UNITED CORP (ACU) is Bearish.
What is the RSI signal for ACU stock?
ACME UNITED CORP (ACU) has an RSI value of 39.6276. This indicates that the stock is currently neutral.
What is the MACD signal for ACU stock?
The MACD indicator for ACME UNITED CORP (ACU) has a value of 0.0829369, indicating a bearish trend.
Can you provide the short term momentum for ACME UNITED CORP?
The short term momentum for ACME UNITED CORP (ACU) is negative.