ACV AUCTIONS INC-A (ACVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ACVA - US00091G1040 - Common Stock
We assign a technical rating of 2 out of 10 to ACVA. Recently some decent action could be observed, but in the medium term time frame this is still negative. ACVA was also a bad performer in the overall market in the last year.
The technical rating of ACVA is bad and it also does not present a 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
8.07
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.16 to 8.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.56 from a trend line in the daily 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 | 4.91 | NEGATIVE | ACVA has a low relative strength, it was outperformed by 95.09% off all stocks 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) | 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) | 58.34 | NEUTRAL | The RSI value for ACVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests ACVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.19 | OVERBOUGHT | The high Stochastics value suggests ACVA may be overbought. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ACVA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.05 | NEUTRAL | The ADX value for ACVA suggests a possible start of a new trend. |
8.15
+0.26 (+3.3%)
ACV AUCTIONS INC-A / ACVA FAQ
What is the ChartMill technical rating of ACV AUCTIONS INC-A (ACVA) stock?
ChartMill assigns a technical rating of 2 / 10 to ACVA.
What is the current trend direction of ACV AUCTIONS INC-A (ACVA) stock?
The current trend direction for ACV AUCTIONS INC-A (ACVA) is Bearish.
What is the RSI signal for ACVA stock?
ACV AUCTIONS INC-A (ACVA) has an RSI value of 58.3358. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ACV AUCTIONS INC-A?
The MACD indicator for ACV AUCTIONS INC-A (ACVA) has a value of 0.251053, indicating a bearish trend.
What is the short term momentum for ACVA stock?
The short term momentum for ACV AUCTIONS INC-A (ACVA) is positive.