ACNB Corporation Stock Analysis
Technical stock analysis for 22 January 2019
ACNB Corporation fell by -2.64% in the last day from $37.55 to $36.56 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -4.47% loss for the last 2 weeks. Volume has increased in the last day by 5 203 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, 16 410 shares bought and sold for approximately $599 950.00.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ACNB stock was $36.56. This is 2.64% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 4.54% from a day low at $36.54 to a day high of $38.20.
30 day high of the ACNB stock price was $40.65 and low was $36.18.
90 day high was $41.18 and low was $34.85.
52 week high for the ACNB Corporation - $41.45 and low - $27.30.
Given the current horizontal trend you can expect ACNB Corporation with 90% probability to be traded between $34.61 and $40.26 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 $37.70 and $37.78. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday January 17, 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".
* 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 $36.52.
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 $1.66 (4.54%) between high and low. For the last week, the stock has had a daily average volatility of 3.27%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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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.