Overall AACI gets a technical rating of 0 out of 10. AACI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 63% of all other stocks performed better in the past year than AACI.
- In the last month AACI has a been trading in the 10.16 - 10.91 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- AACI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AACI is lagging the market.
Although the technical rating is bad, AACI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.25, a Stop Loss order could be placed below this zone.
More info and screens
9.93
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.23 to 10.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.03 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.31 to 10.51. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for AACI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AACI is down. |
| ChartMill Relative Strength | 37.66 | NEUTRAL | AACI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AACI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AACI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AACI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.09 | NEUTRAL | The RSI value for AACI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AACI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.24 | OVERSOLD | The low Stochastics value suggests AACI may be oversold. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for AACI suggests low volalility. |
| Average Directional Index/ADX (14) | 48.26 | POSITIVE | The high ADX value value for AACI suggests a strong trend. |
10.29
-0.01 (-0.05%)
ARMADA ACQUISITION -CLASS A / AACI FAQ
Can you provide the ChartMill technical rating for ARMADA ACQUISITION -CLASS A?
ChartMill assigns a technical rating of 0 / 10 to AACI.
What is the current trend direction of ARMADA ACQUISITION -CLASS A (AACI) stock?
The current trend direction for ARMADA ACQUISITION -CLASS A (AACI) is Bearish.
What is the RSI signal for ARMADA ACQUISITION -CLASS A (AACI) stock?
ARMADA ACQUISITION -CLASS A (AACI) has an RSI value of 44.0862. This indicates that the stock is currently neutral.
What is the MACD signal for ARMADA ACQUISITION -CLASS A (AACI) stock?
The MACD indicator for ARMADA ACQUISITION -CLASS A (AACI) has a value of -0.0181742, indicating a bearish trend.
What is the short term momentum for AACI stock?
The short term momentum for ARMADA ACQUISITION -CLASS A (AACI) is negative.