ACM RESEARCH INC. - Daily - Technical analysis published on 09/16/2019 (GMT)
- 312
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 15.70 USD
My targets
13.88 USD (-4.14%)
11.10 USD (-23.34%)
My analysis
The basic trend is very bearish on ACM RESEARCH INC. but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on ACM RESEARCH INC.. As long as you stay below the resistance 15.70 USD, sellers” retain the upper hand. A break in the support at 13.88 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 11.10 USD as an objective. Crossing it would then enable sellers to target 9.28 USD. If the price were to depress the resistance 15.70 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
3.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ACM RESEARCH INC. rating 14.48 USD. The price registered a decrease of -1.50% on the session and was between 14.45 USD and 14.65 USD. This implies that the price is at +0.21% from its lowest and at -1.16% from its highest.14.45
14.65
14.48
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of ACM RESEARCH INC. indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.28 | 11.10 | 13.88 | 14.48 | 15.70 | 19.02 | 21.35 |
| Change (%) | -35.91% | -23.34% | -4.14% | - | +8.43% | +31.35% | +47.44% |
| Change | -5.20 | -3.38 | -0.60 | - | +1.22 | +4.54 | +6.87 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.32 | 13.79 | 14.25 | 14.72 | 15.18 | 15.65 | 16.11 |
| Camarilla | 14.44 | 14.53 | 14.62 | 14.70 | 14.79 | 14.87 | 14.96 |
| Woodie | 13.31 | 13.79 | 14.24 | 14.72 | 15.17 | 15.65 | 16.10 |
| Fibonacci | 13.79 | 14.15 | 14.37 | 14.72 | 15.08 | 15.30 | 15.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.02 | 13.55 | 14.13 | 14.66 | 15.24 | 15.77 | 16.35 |
| Camarilla | 14.40 | 14.50 | 14.60 | 14.70 | 14.80 | 14.90 | 15.01 |
| Woodie | 13.04 | 13.56 | 14.15 | 14.67 | 15.26 | 15.78 | 16.37 |
| Fibonacci | 13.55 | 13.98 | 14.24 | 14.66 | 15.09 | 15.35 | 15.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.16 | 10.25 | 12.28 | 15.37 | 17.40 | 20.49 | 22.52 |
| Camarilla | 12.89 | 13.36 | 13.83 | 14.30 | 14.77 | 15.24 | 15.71 |
| Woodie | 6.62 | 9.99 | 11.74 | 15.11 | 16.86 | 20.23 | 21.98 |
| Fibonacci | 10.25 | 12.21 | 13.42 | 15.37 | 17.33 | 18.54 | 20.49 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.05 | |
| MACD (12,26,9): | -0.3600 | |
| Directional Movement: | 7.51 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 14.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.74 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 16.50 | |
| Zig ZAG (10): | 14.55 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 29.57 | |
| TEMA (21): | 14.26 | |
| Williams %R (14): | -60.15 | |
| Chande Momentum Oscillator (20): | 0.84 | |
| Repulse (5,40,3): | -1.5100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4700 | |
| Courbe Coppock: | 4.89 |
| MA7: | 14.45 | |
| MA20: | 14.41 | |
| MA50: | 15.92 | |
| MA100: | 16.87 | |
| MAexp7: | 14.54 | |
| MAexp20: | 14.74 | |
| MAexp50: | 15.51 | |
| MAexp100: | 15.72 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | -9.05% | |
| Price / MA100: | -14.17% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -1.76% | |
| Price / MAexp50: | -6.64% | |
| Price / MAexp100: | -7.89% |
News
The last news published on ACM RESEARCH INC. at the time of the generation of this analysis was as follows:
- ACM Research Announces Exercise of Over-Allotment Option
- ACM Research to Participate in the 20th Credit Suisse Asian Technology Conference
- ACM Research Announces Pricing of Public Offering of Class A Common Stock
- ACM Research Announces Proposed Public Offering of Class A Common Stock
- ACM Research Reports Second Quarter 2019 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ACM RESEARCH INC. - Daily