ACUSHNET HOLDINGS CORP (GOLF) Stock Technical Analysis
NYSE:GOLF - New York Stock Exchange, Inc. - US0050981085 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to GOLF. Although GOLF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
In the last month GOLF has a been trading in the 75.08 - 84.40 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
GOLF is one of the better performing stocks in the Leisure Products industry, it outperforms 80% of 31 stocks in the same industry.
GOLF is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GOLF is performing more or less in line with the market.
Looking at the yearly performance, GOLF did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although GOLF has an excellent technical rating, it does not offer a high 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
60.82
78.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 74.39 to 75.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @68.08 from a horizontal line in the daily time frame.
- A support zone ranging from 61.43 to 61.69. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for GOLF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GOLF is neutral. |
| ChartMill Relative Strength | 75.25 | POSITIVE | GOLF has a high relative strength, it outperformed 75.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GOLF is below 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) | 46.66 | NEUTRAL | The RSI value for GOLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests GOLF has a negative trend. |
| Stochastics (14,3) | 30.27 | NEUTRAL | The Stochastics value for GOLF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for GOLF suggests some volalility. |
| Average Directional Index/ADX (14) | 38.97 | POSITIVE | The high ADX value value for GOLF 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)
77.39
-2.23 (-2.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-2.8%
1 Week-6.01%
2 Weeks-4.26%
1 Month1.83%
3 Month16.32%
6 Month18.48%
12 Month11.61%
2 Year32.18%
3 Year62.41%
5 Year119.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%2.26%
ATR Inc29.37%
Range Today2.13
ADR(20)1.62
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.25
Mansfield0.61
10 Day High84.4
10 Day Low76.51
20 Day High84.4
20 Day Low75.08
52 Week High84.4
52 Week Low55.31
CS1 End75.24
CR1 StartN/A
Volume & EV
DER(3)3.51%
DER(5)1.27%
Volume365.60K
Volume Incr-14.38%
Vol(5)336.08K
Vol(50)380.38K