ACWN Technical Analysis - AS CREATION TAPETEN AG

Technical Rating and Analysis

Taking everything into account, ACWN scores 8 out of 10 in our technical rating. Although ACWN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: ACWN has an average volume of 1116 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

ACWN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

When comparing the performance of all stocks over the past year, ACWN turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.

ACWN is an average performer in the Household Durables industry, it outperforms 65% of 33 stocks in the same industry.

In the last month ACWN has a been trading in the 7.45 - 8.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AS CREATION TAPETEN AG / ACWN Weekly stock chart

AS CREATION TAPETEN AG / ACWN Daily stock chart

Setup Rating and Analysis

ACWN has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.32

8.68

We found 1 important support area.

A support zone ranging from 7.39 to 7.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 7.81 to 7.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @8.59 from a trend line in the weekly 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	UP	POSITIVE	The long term trend for ACWN.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ACWN.DE is up.
ChartMill Relative Strength	46.9	NEUTRAL	ACWN.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ACWN.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ACWN.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ACWN.DE is above a declining SMA(200).
Relative Strength Index/RSI (14)	64.36	NEUTRAL	The RSI value for ACWN.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests ACWN.DE has a negative trend.
Stochastics (14,3)	66.67	NEUTRAL	The Stochastics value for ACWN.DE is a neutral value.
Average True Range in percent/ATR (20)	1.35	LOW VOLATILITY	The low ATR as a percentage value for ACWN.DE suggests low volalility.
Average Directional Index/ADX (14)	31.71	POSITIVE	The high ADX value value for ACWN.DE suggests a strong trend.