ARES ACQUISITION CORP II (AACT) Technical Analysis
NYSE:AACT • KYG330331045
Current stock price
AACT Technical Rating and Analysis
Overall AACT gets a technical rating of 1 out of 10. AACT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, AACT is a bad performer in the overall market: 86% of all stocks are doing better.
- AACT is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so AACT is lagging the market.
- In the last month AACT has a been trading in the 8.47 - 11.43 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
AACT Weekly and Daily overview Charts
AACT Setup Rating and Analysis
The technical rating of AACT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
AACT Support and Resistance Analysis
9.40
We found 1 important resistance area.
- A resistance zone ranging from 10.93 to 11.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AACT 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 AACT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AACT is neutral. |
| ChartMill Relative Strength | 14.4 | NEGATIVE | AACT has a low relative strength, it was outperformed by 85.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AACT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AACT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AACT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.42 | OVERSOLD | The low RSI value suggests AACT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests AACT has a negative trend. |
| Stochastics (14,3) | 47.09 | NEUTRAL | The Stochastics value for AACT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for AACT suggests some volalility. |
| Average Directional Index/ADX (14) | 36.62 | POSITIVE | The high ADX value value for AACT suggests a strong trend. |
AACT Chart- and CandleStick Pattern Analysis
AACT Technicals: Chart, Performance Metrics, Trend & Indicators
9.49
+0.61 (+6.87%)
ARES ACQUISITION CORP II / AACT TA FAQ
What is the technical rating for AACT stock?
ChartMill assigns a technical rating of 1 / 10 to AACT.
What is the trend direction for AACT stock?
The current trend direction for ARES ACQUISITION CORP II (AACT) is Bearish.
What is the RSI signal for ARES ACQUISITION CORP II (AACT) stock?
ARES ACQUISITION CORP II (AACT) has an RSI value of 26.4194. This indicates that the stock is currently oversold.
Can you provide the MACD signal for ARES ACQUISITION CORP II?
The MACD indicator for ARES ACQUISITION CORP II (AACT) has a value of -0.216704, indicating a bearish trend.
Can you provide the support and resistance levels for ARES ACQUISITION CORP II?
ARES ACQUISITION CORP II (AACT) has a resistance level at 10.93. Check the full technical report for our detailed analysis of AACT support and resistance levels.