ARES ACQUISITION CORP-A (AAC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AAC - KYG330321061 - Common Stock
We assign a technical rating of 8 out of 10 to AAC. In the last year, AAC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although AAC 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
9.64
We found 2 important support areas.
- A support zone ranging from 10.48 to 10.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.74 to 9.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.80 to 10.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAC is up. |
| ChartMill Relative Strength | 71.61 | POSITIVE | AAC has a high relative strength, it outperformed 71.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.97 | NEUTRAL | The RSI value for AAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests AAC has a positive trend. |
| Stochastics (14,3) | 98.7 | OVERBOUGHT | The high Stochastics value suggests AAC may be overbought. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for AAC suggests low volalility. |
| Average Directional Index/ADX (14) | 32.76 | POSITIVE | The high ADX value value for AAC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.81 | 10.47 | 0.34 (3.15%) | 25.00% |
| An entry @10.81. This is a Buy Stop order right above the resistance zone. | An exit @10.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.34 points, which is 3.15%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- The distance between exit and entry is rather small compared to the average daily movement of AAC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:AAC (11/6/2023, 8:04:00 PM)
10.79
+0.02 (+0.19%)
ARES ACQUISITION CORP-A / AAC FAQ
What is the ChartMill technical rating of ARES ACQUISITION CORP-A (AAC) stock?
ChartMill assigns a technical rating of 8 / 10 to AAC.
What is the trend direction for AAC stock?
The current trend direction for ARES ACQUISITION CORP-A (AAC) is Bearish.
Can you provide the RSI signal for ARES ACQUISITION CORP-A?
ARES ACQUISITION CORP-A (AAC) has an RSI value of 55.9673. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ARES ACQUISITION CORP-A?
The short term momentum for ARES ACQUISITION CORP-A (AAC) is positive.