ACV AUCTIONS INC-A (ACVA) Stock Technical Analysis
NYSE:ACVA - New York Stock Exchange, Inc. - US00091G1040 - Common Stock - Currency: USD
Taking everything into account, ACVA scores 4 out of 10 in our technical rating. In the past year, ACVA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ACVA is a bad performer in the overall market: 69% of all stocks are doing better.
ACVA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
ACVA has an average volume of 2520470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ACVA is part of the Commercial Services & Supplies industry. There are 83 other stocks in this industry, ACVA did better than 41% of them.
ACVA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACVA is lagging the market slightly.
Although the technical rating is only medium, ACVA does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 16.33, a Stop Loss order could be placed below this zone.
More info and screens
12.95
20.49
3 important support areas can be observed.
- A support zone ranging from 16.01 to 16.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.42 from a horizontal line in the weekly time frame.
- A support zone ranging from 13.08 to 13.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 16.77 to 17.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.18 from a trend line in the daily time frame.
- Resistance @20.29 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for ACVA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACVA is up. |
| ChartMill Relative Strength | 31.52 | NEUTRAL | ACVA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ACVA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.72 | NEUTRAL | The RSI value for ACVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ACVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.32 | NEUTRAL | The Stochastics value for ACVA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ACVA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.86 | NEUTRAL | The ADX value for ACVA suggests a possible start of a new 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)
16.76
+0.43 (+2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg2.63%
1 Week-1%
2 Weeks2.32%
1 Month12.94%
3 Month-4.69%
6 Month-23.71%
12 Month-12.21%
2 Year-1.64%
3 Year98.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%3.41%
ATR Inc3.75%
Range Today0.66
ADR(20)0.54
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.52
Mansfield-1.07
10 Day High17.54
10 Day Low16.23
20 Day High17.54
20 Day Low14.03
52 Week High23.46
52 Week Low11.88
CS1 End16.33
CR1 Start16.77
Volume & EV
DER(3)-0.7%
DER(5)0.36%
Volume1.38M
Volume Incr-25.57%
Vol(5)1.49M
Vol(50)2.52M