ACUSHNET HOLDINGS CORP (GOLF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GOLF - US0050981085 - Common Stock
We assign a technical rating of 7 out of 10 to GOLF. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, GOLF also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 81.83, a Stop Loss order could be placed below this zone. 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
60.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 79.88 to 81.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 73.90 to 74.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.43 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 82.80 to 85.54. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for GOLF is neutral. |
| ChartMill Relative Strength | 74.72 | POSITIVE | GOLF has a high relative strength, it outperformed 74.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GOLF is below a declining 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) | 50.52 | NEUTRAL | The RSI value for GOLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests GOLF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.17 | NEUTRAL | The Stochastics value for GOLF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for GOLF suggests some volalility. |
| Average Directional Index/ADX (14) | 18.88 | NEGATIVE | The low ADX value for GOLF suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 83.56 | 81.03 | 2.53 (3.03%) | 25.00% |
| An entry @83.56. This is a Buy Stop order right above the 10 day moving average. | An exit @81.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.53 points, which is 3.03%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- The distance between exit and entry is rather small compared to the average daily movement of GOLF. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
82.7
+0.66 (+0.8%)
ACUSHNET HOLDINGS CORP / GOLF FAQ
What is the technical rating for GOLF stock?
ChartMill assigns a technical rating of 7 / 10 to GOLF.
What is the trend direction for 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 50.5155. 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 -0.405862, indicating a bearish trend.
What are the support and resistance levels for ACUSHNET HOLDINGS CORP (GOLF) stock?
ACUSHNET HOLDINGS CORP (GOLF) has a support level at 81.83 and a resistance level at 82.8. Check the full technical report for our detailed analysis of GOLF support and resistance levels.