Latest

Acacia Research Corp (ACTG): Price Now Near $5.54; Daily Chart Shows Downtrend on 20 Day Basis

This move is a reversal from the hour prior, which saw price move down. The post Acacia Research Corp (ACTG): Price Now Near $5.54; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News. ...

The Hourly View for ACTG

At the moment, ACTG (Get Ratings)’s price is up $0.03 (0.54%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

ACTG ranks 89th in terms of today’s price percentage change out of Trading stocks.

ACTG’s Technical Outlook on the Daily Chart

At the time of this writing, ACTG’s price is up $0.01 (0.18%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. Of note is that the 100 day changed directions on ACTG; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows ACTG’s price action over the past 90 days.

ACTG

<In comparison to its 7 day average, ACTG's volume of shares traded is 84.84% lower, now standing at 77112.

<

ACTG: Daily RSI Analysis

  • ACTG’s RSI now stands at 3.125.
  • ACTG and RSI both have consistent trends, as they are both heading down.

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market


The post Acacia Research Corp (ACTG): Price Now Near $5.54; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News.

Leave a Reply

%d bloggers like this: