ARMADA ACQUISITION -CLASS A (AACI) Stock Technical Analysis
USA - NASDAQ:AACI - US04208V1035 - Common Stock
We assign a technical rating of 0 out of 10 to AACI. AACI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, AACI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
We found 2 important support 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.
When analyzing the resistance we notice one important 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.
Can you provide the trend direction for ARMADA ACQUISITION -CLASS A?
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.
Can you provide the short term momentum for ARMADA ACQUISITION -CLASS A?
The short term momentum for ARMADA ACQUISITION -CLASS A (AACI) is negative.
Can you provide the support and resistance levels for ARMADA ACQUISITION -CLASS A?
ARMADA ACQUISITION -CLASS A (AACI) has a support level at 10.25 and a resistance level at 10.31. Check the full technical report for our detailed analysis of AACI support and resistance levels.