ACCURIDE CORP NEW (ACW) Stock Technical Analysis
NYSE:ACW - New York Stock Exchange, Inc. -
We assign a technical rating of 9 out of 10 to ACW. Both in the recent history as in the last year, ACW has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
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
2.63
3 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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. |
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)
2.58
+0.01 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.39%
1 Week4.45%
2 Weeks6.61%
1 Month4.03%
3 Month47.43%
6 Month81.69%
12 Month14.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%1.92%
ATR Inc-81.82%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.61
Mansfield4.26
10 Day High2.58
10 Day Low2.36
20 Day High2.58
20 Day Low2.36
52 Week High2.84
52 Week Low0.74
CS1 End2.51
CR1 Start2.59
Volume & EV
DER(3)1.03%
DER(5)1%
Volume923.70K
Volume Incr46.76%
Vol(5)566.24K
Vol(50)449.84K