ACNB Corporation Forecast and Stock Analysis
Technical ACNB stock analysis for Thursday May 23, 2019.
|Price to book||USD 1.53|
|Next Earnings Date||n/a|
ACNB Corporation fell by -0.56% in the last day ( Thursday, 23rd May 2019 ) from $37.81 to $37.60 and has now fallen 4 days in a row. During day the stock fluctuated 0.67% from a day low at $37.50 to a day high of $37.75. The price has fallen in 6 of the last 10 days and is down by -1.57% for this period. Volume has increased in the last day by 1 434 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2 842 shares bought and sold for approximately $106 859.00.
- 30 day high of the ACNB stock price was $39.50 and low was $37.25.
- 90 day high was $41.00 and low was $35.00.
- 52 week high for the ACNB Corporation - $41.45 and low - $30.80.
Given the current horizontal trend you can expect ACNB Corporation with 90% probability to be traded between $36.19 and $41.81 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 $38.02 and $38.19. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday May 15, 2019, which indicates further falls until a new bottom pivot has been found. ACNB Corporation gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 36 and the stock is currently not being overbought or oversold
Support & Resistance
ACNB Corporation finds support from accumulated volume at $36.86.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.25 (0.67%) between high and low. For the last week, the stock has had a daily average volatility of 1.01%.
Our recommended stoploss: $36.01 (-4.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 6 days ago.)
1.01 %Average volatility
Very Low Low Medium High Very High
ACNB Corporation holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.
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