ACUSHNET HOLDINGS CORP (GOLF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GOLF - US0050981085 - Common Stock
Overall GOLF gets a technical rating of 9 out of 10. Both in the recent history as in the last year, GOLF has proven to be a steady performer, scoring decent points in every aspect analyzed.
GOLF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 84.10. Right above this resistance zone may be a good entry point.
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60.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 79.93 to 81.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.18 from a trend line in the daily time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 84.10 to 84.52. 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 | 75.13 | POSITIVE | GOLF has a high relative strength, it outperformed 75.13% 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) | 60.21 | NEUTRAL | The RSI value for GOLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests GOLF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.45 | NEUTRAL | The Stochastics value for GOLF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for GOLF suggests some volalility. |
| Average Directional Index/ADX (14) | 20.2 | NEUTRAL | The ADX value for GOLF suggests a possible start of a new 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 |
|---|---|---|---|
| 84.53 | 79.92 | 4.61 (5.45%) | 18.34% |
| An entry @84.53. This is a Buy Stop order right above the resistance zone. | An exit @79.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.61 points, which is 5.45%. | When investing 18.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
83.6
-0.3 (-0.36%)
ACUSHNET HOLDINGS CORP / GOLF FAQ
What is the technical rating for GOLF stock?
ChartMill assigns a technical rating of 9 / 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 60.2079. 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 0.276235, 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 81.41 and a resistance level at 84.1. Check the full technical report for our detailed analysis of GOLF support and resistance levels.