Stronger technical forecast for ACNB Corporation stock price after Wednesday trading.
(Updated on Dec 08, 2021)

The ACNB Corporation stock price gained 0.48% on the last trading day (Wednesday, 8th Dec 2021), rising from $28.97 to $29.11. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.23% from a day low at $28.92 to a day high of $29.28. The price has been going up and down for this period, and there has been a -0.21% loss for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately $99.50 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.8% during the next 3 months and, with a 90% probability hold a price between $29.73 and $31.00 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -0.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ACNB Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.91 and $28.37. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Friday, October 29, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

ACNB Corporation finds support from accumulated volume at $27.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.36 between high and low, or 1.23%. For the last week the stock has had a daily average volatility of 1.08%

Our recommended stop-loss: $28.10 (-3.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Is ACNB Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ACNB Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.687

Remember To Visit Our YouTube Channel