The combination of a strong uptrend, bullish momentum indicators (RSI, ROC, Supertrend), price action above key moving averages, and positive analyst sentiment all point to a bullish outlook for Acme Solar over the next few months. These technical factors suggest that the stock is likely to continue its upward trajectory unless there is a significant reversal in trend or broader market conditions
Key Bullish Signals from Weekly Chart
Strong Uptrend and Momentum
The weekly chart of Acme Solar shows a sustained uptrend, with the stock delivering positive returns over the last 12 weeks and a 3-month gain of over 49%. This persistent upward movement is a classic sign of bullish momentum.
Technical Indicators Supporting Bullishness
RSI (Relative Strength Index): The weekly RSI is at 74.20, which is in the bullish-to-overbought zone. While high, this level often accompanies strong trends and suggests buyers are in control.
ROC (Rate of Change): The ROC stands at 18.71, indicating strong positive momentum and continued buying interest.
Supertrend: The Supertrend indicator is well above the current price, reinforcing the ongoing bullish trend.
MACD: The MACD is at 0, which is neutral, but other momentum indicators are positive, supporting the bullish outlook.
Stochastic Oscillator: At 45.59, this is in the neutral-to-bullish range, suggesting there is still room for further upside before overbought conditions dominate.
Moving Averages
The stock price is trading above key moving averages (such as 50 DMA and 200 DMA), which is a strong bullish signal and indicates that the medium- to long-term trend remains positive.
Analyst Sentiment
Multiple analysts have issued strong buy recommendations recently, with price targets above current levels, reflecting positive sentiment for the coming months.
Key Bullish Signals from Weekly Chart
Strong Uptrend and Momentum
The weekly chart of Acme Solar shows a sustained uptrend, with the stock delivering positive returns over the last 12 weeks and a 3-month gain of over 49%. This persistent upward movement is a classic sign of bullish momentum.
Technical Indicators Supporting Bullishness
RSI (Relative Strength Index): The weekly RSI is at 74.20, which is in the bullish-to-overbought zone. While high, this level often accompanies strong trends and suggests buyers are in control.
ROC (Rate of Change): The ROC stands at 18.71, indicating strong positive momentum and continued buying interest.
Supertrend: The Supertrend indicator is well above the current price, reinforcing the ongoing bullish trend.
MACD: The MACD is at 0, which is neutral, but other momentum indicators are positive, supporting the bullish outlook.
Stochastic Oscillator: At 45.59, this is in the neutral-to-bullish range, suggesting there is still room for further upside before overbought conditions dominate.
Moving Averages
The stock price is trading above key moving averages (such as 50 DMA and 200 DMA), which is a strong bullish signal and indicates that the medium- to long-term trend remains positive.
Analyst Sentiment
Multiple analysts have issued strong buy recommendations recently, with price targets above current levels, reflecting positive sentiment for the coming months.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.