ACV Auctions Inc (ACVA)       6.54  +0.07 (+1.08%)

6.54  +0.07 (+1.08%)

US00091G1040 - Common Stock - After market: 6.54 0 (0%)

Technical Rating

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.



ACVA has an average volume of 1998750. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
94% of all other stocks performed better in the past year than ACVA.
ACVA is part of the Commercial Services & Supplies industry. There are 98 other stocks in this industry, of which 87% are performing better than ACVA.
ACVA is currently making a new 52 week low. This is a very bad signal. But, the S&P500 Index is also trading in the lower part of its yearly range, so ACVA is not an exception.
In the last month ACVA has a been trading in the 6.10 - 9.10 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.

Statistics

1 Month 3 Months 6 Months 12 Months -24.04% -56.83% -65.29% -74.03% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 6.77 6.1 - 24.94
ACVA Weekly chart
ACVA Daily chart

Support/Resistance Analysis


6.47

12.12
When analyzing the resistance we notice 4 important areas.
  • Resistance @7.26 from a horizontal line in the daily time frame.
  • Resistance @10.70 from a trend line in the weekly time frame.
  • Resistance @11.36 from a trend line in the daily time frame.
  • Resistance @12.00 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

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.


ACVA Daily chart

ACV Auctions Inc6.54

NASDAQ:ACVA (6/30/2022, 7:00:00 PM)+0.07 (+1.08%)

After market: 6.54 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Commercial Services & Supplies
Performance
Today 1.08% 1 Week -9.54%
2 Weeks -9.42% 1 Month -24.04%
3 Month -56.83% 6 Month -65.29%
Volatility
ATR(14) 0.47 ATR(20)% 7.48%
ATR Inc -15.8% Range Today 0.47
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 6.77 Mansfield -5.23
10 Day High 7.58 10 Day Low 6.1
20 Day High 9.1 20 Day Low 6.1
52 Week High 24.94 52 Week Low 6.1
CS1 End N/A CR1 Start 7.26
Volume & EV
DER(3) 2.81% DER(5) 0.68%
Volume 2.24M Volume Incr 167.55%
Vol(5) 4.92M Vol(50) 2.00M

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