Ares Acquisition Corporation (AAC.U) Technical Analysis
NYSE:AAC.U • KYG330321145
Current stock price
AAC.U Technical Rating and Analysis
Overall AAC.U gets a technical rating of 7 out of 10. AAC.U has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Warning: AAC.U has an average volume of 2196 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that AAC.U is one of the better performing stocks in the market, outperforming 71% of all stocks. On top of that, AAC.U also shows a nice and consistent pattern of rising prices.
- AAC.U is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AAC.U is performing more or less in line with the market.
- In the last month AAC.U has a been trading in the 9.78 - 10.96 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
AAC.U Weekly and Daily overview Charts
AAC.U Setup Rating and Analysis
Although AAC.U has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
AAC.U Support and Resistance Analysis
9.67
2 important support areas can be observed.
- A support zone ranging from 10.57 to 10.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.77 to 9.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.85 to 10.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
AAC.U Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AAC.U is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAC.U is up. |
| ChartMill Relative Strength | 71.41 | POSITIVE | AAC.U has a high relative strength, it outperformed 71.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AAC.U is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAC.U is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AAC.U is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.43 | NEUTRAL | The RSI value for AAC.U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AAC.U has a positive trend. |
| Stochastics (14,3) | 88.63 | OVERBOUGHT | The high Stochastics value suggests AAC.U may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for AAC.U suggests low volalility. |
| Average Directional Index/ADX (14) | 31.08 | POSITIVE | The high ADX value value for AAC.U suggests a strong trend. |
AAC.U Chart- and CandleStick Pattern Analysis
AAC.U Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:AAC.U (11/6/2023, 8:04:00 PM)
10.81
+0.04 (+0.37%)
Ares Acquisition Corporation / AAC.U TA FAQ
What is the ChartMill technical rating of Ares Acquisition Corporation (AAC.U) stock?
ChartMill assigns a technical rating of 7 / 10 to AAC.U.
What is the current trend direction of Ares Acquisition Corporation (AAC.U) stock?
The current trend direction for Ares Acquisition Corporation (AAC.U) is Bearish.
Can you provide the RSI signal for Ares Acquisition Corporation?
Ares Acquisition Corporation (AAC.U) has an RSI value of 53.4335. This indicates that the stock is currently neutral.
What is the MACD signal for Ares Acquisition Corporation (AAC.U) stock?
The MACD indicator for Ares Acquisition Corporation (AAC.U) has a value of 0.0141005, indicating a bearish trend.