AEROCLEAN TECHNOLOGIES INC (AERC) Stock Technical Analysis
NASDAQ:AERC - Nasdaq - US0077441055 - Common Stock - Currency: USD
Overall AERC gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. AERC was also a bad performer in the overall market in the last year.
85% of all other stocks performed better in the past year than AERC.
AERC is one of the lesser performing stocks in the Building Products industry. 65% of 41 stocks in the same industry do better.
AERC 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 AERC has a been trading in the 2.84 - 3.54 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, AERC 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.
More info and screens
2.55
3.76
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.18 to 3.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.01 from a trend line in the weekly time frame.
- A support zone ranging from 2.91 to 2.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.83 from a trend line in the daily time frame.
- Support @2.58 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @3.41 from a horizontal line in the daily time frame.
- Resistance @3.62 from a trend line in the daily time frame.
- Resistance @3.72 from a horizontal 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 AERC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AERC is up. |
| ChartMill Relative Strength | 15.48 | NEGATIVE | AERC has a low relative strength, it was outperformed by 84.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AERC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AERC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AERC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.41 | NEUTRAL | The RSI value for AERC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AERC has a positive trend. |
| Stochastics (14,3) | 82.74 | OVERBOUGHT | The high Stochastics value suggests AERC may be overbought. |
| Average True Range in percent/ATR (20) | 6.08 | HIGH VOLATILITY | The high ATR as a percentage value for AERC suggests high volalility. |
| Average Directional Index/ADX (14) | 9.9 | NEGATIVE | The low ADX value for AERC suggests a weak or negative 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)
3.4
+0.02 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg0.59%
1 Week4.94%
2 Weeks10.03%
1 Month4.29%
3 Month6.25%
6 Month-69.31%
12 Month-52.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%6.08%
ATR Inc-12.99%
Range Today0.16
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
CRS15.48
Mansfield-2.87
10 Day High3.49
10 Day Low2.84
20 Day High3.54
20 Day Low2.84
52 Week High23.7
52 Week Low1.76
CS1 End3.2
CR1 Start3.41
Volume & EV
DER(3)-8.02%
DER(5)-5.13%
Volume63.60K
Volume Incr-51.86%
Vol(5)104.90K
Vol(50)248.52K