ACUSHNET HOLDINGS CORP (GOLF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GOLF - US0050981085 - Common Stock
Taking everything into account, GOLF scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GOLF is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GOLF did better than 88% of all other stocks. We also observe that the gains produced by GOLF over the past year are nicely spread over this period.
- GOLF is part of the Leisure Products industry. There are 30 other stocks in this industry. GOLF outperforms 93% of them.
- GOLF 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.
- In the last month GOLF has a been trading in the 79.41 - 95.64 range, which is quite wide. It is currently trading near the high of this range.
GOLF 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.
More info and screens
60.82
6 important support areas can be observed.
- A support zone ranging from 84.53 to 84.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.62 to 82.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 78.96 to 79.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @77.55 from a horizontal line in the daily time frame.
- Support @74.88 from a horizontal line in the daily time frame.
- Support @61.43 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 94.34 to 94.34. 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 GOLF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOLF is up. |
| ChartMill Relative Strength | 88.56 | POSITIVE | GOLF has a high relative strength, it outperformed 88.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOLF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOLF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GOLF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.95 | NEUTRAL | The RSI value for GOLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests GOLF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.82 | OVERBOUGHT | The high Stochastics value suggests GOLF may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for GOLF suggests some volalility. |
| Average Directional Index/ADX (14) | 31.17 | POSITIVE | The high ADX value value for GOLF suggests a strong trend. |
93.86
-0.48 (-0.51%)
ACUSHNET HOLDINGS CORP / GOLF FAQ
What is the technical rating for GOLF stock?
ChartMill assigns a technical rating of 10 / 10 to GOLF.
What is the current trend direction of ACUSHNET HOLDINGS CORP (GOLF) stock?
The current trend direction for ACUSHNET HOLDINGS CORP (GOLF) is Bullish.
Can you provide the RSI signal for ACUSHNET HOLDINGS CORP?
ACUSHNET HOLDINGS CORP (GOLF) has an RSI value of 68.9523. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ACUSHNET HOLDINGS CORP?
The MACD indicator for ACUSHNET HOLDINGS CORP (GOLF) has a value of 0.593206, indicating a bearish trend.
Can you provide the buy/sell signal for ACUSHNET HOLDINGS CORP?
The buy/sell signal for ACUSHNET HOLDINGS CORP (GOLF) is buy as both the short term and long term trends are positive.