ACURX PHARMACEUTICALS INC (ACXP) Stock Technical Analysis
NASDAQ:ACXP - Nasdaq - US00510M1045 - Common Stock - Currency: USD
Overall ACXP gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ACXP was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ACXP is a bad performer in the overall market: 92% of all stocks are doing better.
ACXP is part of the Biotechnology industry. There are 560 other stocks in this industry, of which 63% are performing better than ACXP.
ACXP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ACXP has a been trading in the 0.30 - 1.05 range, which is quite wide. It is currently trading near the lows of this range.
ACXP has an average volume of 7659900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ACXP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.30
0.79
2 important support areas can be observed.
- A support zone ranging from 0.46 to 0.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.50 from a horizontal line in the daily time frame.
- Resistance @0.70 from a trend line in the daily time frame.
- Resistance @0.78 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for ACXP is neutral. |
| ChartMill Relative Strength | 8.03 | NEGATIVE | ACXP has a low relative strength, it was outperformed by 91.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACXP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACXP is above the rising 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) | 49.88 | NEUTRAL | The RSI value for ACXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ACXP has a negative trend. |
| Stochastics (14,3) | 23.59 | NEUTRAL | The Stochastics value for ACXP is a neutral value. |
| Average True Range in percent/ATR (20) | 23.14 | HIGH VOLATILITY | The high ATR as a percentage value for ACXP suggests high volalility. |
| Average Directional Index/ADX (14) | 30.67 | POSITIVE | The high ADX value value for ACXP suggests a strong trend. |
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)
0.473
-0.03 (-5.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.21%
1 Week-1.87%
2 Weeks-1.27%
1 Month35.14%
3 Month33.5%
6 Month-41.47%
12 Month-79.52%
2 Year-76.7%
3 Year-86.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%23.14%
ATR Inc-44.49%
Range Today0.04
ADR(20)0.09
ADR(20)%18.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.03
Mansfield-6.07
10 Day High0.59
10 Day Low0.43
20 Day High1.05
20 Day Low0.3
52 Week High3.33
52 Week Low0.3
CS1 End0.46
CR1 Start0.5
Volume & EV
DER(3)-6.58%
DER(5)-2.18%
Volume404.00K
Volume Incr-95.2%
Vol(5)895.22K
Vol(50)7.66M