ARES ACQUISITION CORP-A (AAC) Technical Analysis
NYSE:AAC • KYG330321061
Current stock price
AAC Technical Rating and Analysis
Overall AAC gets a technical rating of 8 out of 10. AAC 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.
- 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.
- Looking at the yearly performance, AAC did better than 71% of all other stocks. We also observe that the gains produced by AAC over the past year are nicely spread over this period.
- AAC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month AAC has a been trading in the 9.01 - 10.80 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, which is what you like to see during a strong movement up.
AAC Weekly and Daily overview Charts
AAC Setup Rating and Analysis
AAC has an excellent technical rating, but the quality of the setup is only medium 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 Support and Resistance Analysis
9.64
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice one important 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.
AAC 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 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. |
AAC Chart- and CandleStick Pattern Analysis
AAC Example Setup
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%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
AAC Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:AAC (11/6/2023, 8:04:00 PM)
10.79
+0.02 (+0.19%)
ARES ACQUISITION CORP-A / AAC TA 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 current trend direction of ARES ACQUISITION CORP-A (AAC) stock?
The current trend direction for ARES ACQUISITION CORP-A (AAC) is Bearish.
What is the RSI signal for AAC stock?
ARES ACQUISITION CORP-A (AAC) has an RSI value of 55.9673. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ARES ACQUISITION CORP-A?
The MACD indicator for ARES ACQUISITION CORP-A (AAC) has a value of 0.0368312, indicating a bearish trend.