Stronger Sell Today ACTG ranks #4995 as SELL CANDIDATE. Weaker Sell
Today ACTG ranks #4995 as SELL CANDIDATE.

ACTG stock Acacia Research Corporation

ACTG stock
Acacia Research Corporation

18 January 2019
Change -2.26%
Chart period: 2018-10-19 - 2019-01-18
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy
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Acacia Research Corporation Stock Analysis

Technical stock analysis for 18 January 2019

Sell candidate since 2019-01-17 Loss -2.26%
Shorts n/a
Cash 136.6 mill
Loans n/a
Beta 0.91
ROA -62.00

Acacia Research Corporation fell by -2.26% in the last day from $3.10 to $3.03 and has now fallen 3 days in a row. The price has fallen in 5 of the last 10 days , but is still up by 1.34% over the past 2 weeks. Volume has increased in the last day by 22 519 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, 101 713 shares bought and sold for approximately $308 190.00.

Close price at the end of the last trading day (Friday, 18th Jan 2019) of the ACTG stock was $3.03. This is 2.26% less than the trading day before Thursday, 17th Jan 2019.

During day the stock fluctuated 2.66% from a day low at $3.01 to a day high of $3.09.

30 day high of the ACTG stock price was $3.19 and low was $2.75.
90 day high was $3.33 and low was $2.75.
52 week high for the Acacia Research Corporation - $4.40 and low - $2.75.

Trend

Acacia Research Corporation lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.19% during the next 3 months and, with 90% probability hold a price between $2.69 and $3.07 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Acacia Research Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $3.07 and $3.04. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday January 16, 2019, which indicates further falls until a new bottom pivot has been found. Acacia Research 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".

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A sell signal from a double top formation was found on Wednesday January 16, 2019 and based on theory for this formation the price should fall by -0.15% to $2.99 within 6 trading days since signal was issued (Friday January 25, 2019).

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Acacia Research Corporation finds support from accumulated volume at $2.99.

Support: $2.99 Price: $3.03 Resistance: $3.06

Risk

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 $0.08 (2.66%) between high and low. For the last week, the stock has had a daily average volatility of 3.01%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Acacia Research 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.

Stronger Sell Today ACTG ranks #4995 as SELL CANDIDATE. Weaker Sell
Today ACTG ranks #4995 as SELL CANDIDATE.