Acorn Energy (ACFN) - Overbought - views

Acorn Energy has hit a technical signal on 3 different technical indicators. ACFN is in the Consumer Services sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $8.39.

There are currently no analysts that cover the company.

Over the last 52 weeks, the stock has been trading between $3.33 and $8.40. More recently in the last 4 weeks, the stock has been trading between $6.31 and $8.40. Yesterday the stock traded between $7.80 and $8.40. The stock currently has a PE ratio of 4.1.

Acorn Energy is trading 21.4% from its 20-day simple moving average (SMA) of $6.91 and 32.1% from its 50-day SMA and 65.82% from its 200-day SMA. Average daily volume over the last 30 days has been 67,541 shares.

At yesterdays close: the RSI was at 80.7, the CCI was at 238.2 and the Fast Stochastic was at 99.5. ACFN closed yesterday at $8.39, on volume of 240,268 shares as compared to an average volume of 67,541 over the last 4 weeks.

Acorn Energy, Inc., through its subsidiaries, provides energy infrastructure management solutions worldwide. It offers selective catalytic reduction (SCR) catalyst and management services, including SCR catalyst management, cleaning, and regeneration, as well as consulting services for coal-fired power plants that use SCR systems to reduce nitrogen oxides emissions. The company also provides sonar and acoustic related solutions, including AquaShield Diver Detection Sonar (DDS) that provides critical coastal and offshore protection of sites; PointShield Portable Diver Detection Sonar, a portable diver detection sonar for protecting vessels at anchorage and cover restricted areas; PortView Harbor Surveillance System, which incorporates DDS sensors with above-water surveillance sensors to create an above and below water security system; Mobile Acoustic Range, which measures a submarineÂ’s or surface vesselÂ’s radiated noise, and enables navies and shipyards to monitor and control radiated noise; Generic Sonar Simulator for training anti-submarine warfare, submarine, and mine detection sonar operators; and Underwater Acoustic Signal Analysis System, which processes and analyzes acoustic signals radiated by various sources and received by naval sonar systems. In addition, it develops and produces weapon/command and control operating consoles for air and naval applications; hardware and embedded software for computerized vision systems; hardware and embedded signal processing software for airborne and missile systems; signal processing systems and sonar power amplifiers; and information technology and consulting services. Further, the company provides remote monitoring and control systems to electric utilities and industrial facilities; and fiber optic sensing systems for the energy, commercial security, and defense markets. It has a strategic alliance and license agreement with Solucorp Industries, Ltd. The company was founded in 1986 and is based in Montchanin, Delaware.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.