ACCURIDE CORP NEW (ACW) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ACW
Overall ACW gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ACW is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, ACW did better than 88% of all other stocks.
- ACW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ACW is lagging the market slightly.
- In the last month ACW has a been trading in the 2.36 - 2.58 range, which is quite wide. It is currently trading near the high of this range.
Although ACW has an excellent technical rating, it does not present a decent entry opportunity 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
1.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.48 to 2.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.41 to 2.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.58 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.59 to 2.60. 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 | UP | POSITIVE | The long term trend for ACW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACW is up. |
| ChartMill Relative Strength | 88.61 | POSITIVE | ACW has a high relative strength, it outperformed 88.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ACW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.2 | NEUTRAL | The RSI value for ACW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ACW has a positive trend. |
| Stochastics (14,3) | 96.97 | OVERBOUGHT | The high Stochastics value suggests ACW may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for ACW suggests low volalility. |
2.58
+0.01 (+0.39%)
ACCURIDE CORP NEW / ACW FAQ
What is the ChartMill technical rating of ACCURIDE CORP NEW (ACW) stock?
ChartMill assigns a technical rating of 8 / 10 to ACW.
What is the trend direction for ACW stock?
The current trend direction for ACCURIDE CORP NEW (ACW) is Bullish.
Can you provide the RSI signal for ACCURIDE CORP NEW?
ACCURIDE CORP NEW (ACW) has an RSI value of 65.199. This indicates that the stock is currently neutral.
What is the MACD signal for ACW stock?
The MACD indicator for ACCURIDE CORP NEW (ACW) has a value of 0.0111868, indicating a bearish trend.
Can you provide the buy/sell signal for ACCURIDE CORP NEW?
The buy/sell signal for ACCURIDE CORP NEW (ACW) is buy as both the short term and long term trends are positive.