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ACV Auctions Inc.ACV Auctions Inc.ACV Auctions Inc.

ACV Auctions Inc.

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ACVA trade ideas

ACV Auctions Inc. - [ACVA]Bollinger Bands : The price has recently touched the lower Bollinger Band and is now moving towards the middle band, which often acts as a dynamic support or resistance level. The bands are relatively flat, suggesting a period of consolidation. This indicates that there might not be a strong directional trend at the moment. Recent Price Movement: The price bounced off the lower band, indicating a potential short-term upward momentum. Price Action : Support: There seems to be a support level around the $15.00 mark, as the price bounced from this level in mid-August. Resistance: The price is currently near a resistance zone around $19.50, which it has tested several times in the past without breaking through decisively. Candlestick Patterns : There are no clear candlestick reversal patterns visible in the recent candles, but the price action near the lower Bollinger Band indicates some buying interest. Volume : Volume appears to spike during significant price movements, especially during the recent downtrend in August, which suggests strong selling pressure. Currently, the volume is slightly below average, indicating reduced trading activity as the price is in a consolidation phase. Trend Analysis : Short-Term: The short-term trend is mildly bullish after the recent bounce from the lower Bollinger Band. Medium-Term: The medium-term trend is sideways, with the price oscillating between $15.00 and $19.50. Long-Term: The long-term trend remains unclear due to the current consolidation phase. A break above $19.50 could signal the beginning of a new uptrend, while a break below $15.00 could indicate further downside. Conclusion : The stock is currently in a consolidation phase with no strong directional bias. The recent bounce from the lower Bollinger Band suggests a short-term bullish sentiment, but the stock faces significant resistance around $19.50. Traders should watch for a breakout from this consolidation range to determine the next major move.
NASDAQ:ACVALong
by Sahrin
$ACVA Breaking out of Resistance AreaAuto auction business on-line. Looks like this could be a winner. I've yet to open a position although I do have a limit order in and I'd like it to fill. This looks like it's now building the right side and could have a nice move, all TBD. Thought I'd post it as you might want to add this to your watch list... Ideas, not investing / trading advice. From earningswhispers.com Acv Auctions Inc Cl A (ACVA) reported a 3rd Quarter September 2021 loss of $0.16 per share on revenue of $91.8 million. The consensus estimate was a loss of $0.17 per share on revenue of $87.7 million. The company said it expects fourth quarter revenue of $83.0 million to $86.0 million. The current consensus revenue estimate is $85.09 million for the quarter ending December 31, 2021
NASDAQ:ACVALong
by jaxdog