ACNB Corporation Forecast and Stock Analysis
Technical ACNB stock analysis for March 19, 2019.
ACNB Corporation fell by -0.17% in the last day from $36.35 to $36.29 and has now fallen 4 days in a row. The price has fallen in 6 of the last 10 days and is down by -4.32% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -15 968 shares and in total 7 327 shares bought and sold for approximately $265 897.00.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the ACNB stock was $36.29. This is 0.17% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 2.01% from a day low at $36.15 to a day high of $36.88.
30 day high of the ACNB stock price was $41.00 and low was $35.75.
90 day high was $41.00 and low was $35.75.
52 week high for the ACNB Corporation - $41.45 and low - $28.05.
ACNB Corporation is the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $35.94 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect ACNB Corporation with 90% probability to be traded between $35.26 and $39.46 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. ACNB Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $36.91 and $37.82. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
* 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.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
ACNB Corporation finds support from accumulated volume at $36.11.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
ACNB Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.