ACURX PHARMACEUTICALS INC (ACXP) Stock Technical Analysis
NASDAQ:ACXP • US00510M2035
We assign a technical rating of 0 out of 10 to ACXP. ACXP'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, ACXP is a bad performer in the overall market: 99% of all stocks are doing better.
- ACXP is part of the Biotechnology industry. There are 521 other stocks in this industry, of which 89% are performing better than ACXP.
- ACXP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ACXP has a been trading in the 1.66 - 2.89 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.
The technical rating of ACXP 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
1.64
When analyzing the resistance we notice one important area.
- Resistance @3.30 from a trend line in the weekly 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 ACXP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACXP is down. |
| ChartMill Relative Strength | 1.33 | NEGATIVE | ACXP has a low relative strength, it was outperformed by 98.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACXP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACXP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACXP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.02 | OVERSOLD | The low RSI value suggests ACXP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ACXP has a negative trend. |
| Stochastics (14,3) | 2.54 | OVERSOLD | The low Stochastics value suggests ACXP may be oversold. |
| Average True Range in percent/ATR (20) | 10.89 | HIGH VOLATILITY | The high ATR as a percentage value for ACXP suggests high volalility. |
| Average Directional Index/ADX (14) | 26.83 | POSITIVE | The high ADX value value for ACXP suggests a strong trend. |
1.66
-0.19 (-10.27%)
ACURX PHARMACEUTICALS INC / ACXP FAQ
What is the ChartMill technical rating of ACURX PHARMACEUTICALS INC (ACXP) stock?
ChartMill assigns a technical rating of 0 / 10 to ACXP.
What is the trend direction for ACXP stock?
The current trend direction for ACURX PHARMACEUTICALS INC (ACXP) is Bearish.
What is the RSI signal for ACURX PHARMACEUTICALS INC (ACXP) stock?
ACURX PHARMACEUTICALS INC (ACXP) has an RSI value of 23.0245. This indicates that the stock is currently oversold.
Can you provide the short term momentum for ACURX PHARMACEUTICALS INC?
The short term momentum for ACURX PHARMACEUTICALS INC (ACXP) is negative.
What is the buy/sell signal for ACURX PHARMACEUTICALS INC (ACXP) stock?
The buy/sell signal for ACURX PHARMACEUTICALS INC (ACXP) is sell as both the short term and long term trends are negative.