ACVA Technical Analysis - ACV AUCTIONS INC-A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ACVA. ACVA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, ACVA is a bad performer in the overall market: 97% of all stocks are doing better.

ACVA is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, of which 79% are performing better than ACVA.

ACVA is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month ACVA has a been trading in the 9.99 - 12.21 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

ACVA has an average volume of 2608470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ACV AUCTIONS INC-A / ACVA Weekly stock chart

ACV AUCTIONS INC-A / ACVA Daily stock chart

Setup Rating and Analysis

The technical rating of ACVA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.91

17.21

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 11.12 to 11.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @11.84 from a trend line in the daily time frame.
Resistance @17.04 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The short term trend for ACVA is down.
ChartMill Relative Strength	3.92	NEGATIVE	ACVA has a low relative strength, it was outperformed by 96.08% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ACVA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ACVA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ACVA is below a declining SMA(200).
Relative Strength Index/RSI (14)	26.71	OVERSOLD	The low RSI value suggests ACVA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests ACVA has a negative trend.
Stochastics (14,3)	4.7	OVERSOLD	The low Stochastics value suggests ACVA may be oversold.
Average True Range in percent/ATR (20)	4.31	MEDIUM VOLATILITY	The ATR as a percentage value for ACVA suggests some volalility.
Average Directional Index/ADX (14)	40.34	POSITIVE	The high ADX value value for ACVA suggests a strong trend.