Taking everything into account, ACAC scores 2 out of 10 in our technical rating. ACAC'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.
ACAC has a poor technical rating and the quality of the setup is also not perfect 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
10.63
We found 2 important support areas.
- Support @11.04 from a horizontal line in the daily time frame.
- A support zone ranging from 10.74 to 10.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @13.42 from a horizontal line in the daily time frame.
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 ACAC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACAC is neutral. |
| ChartMill Relative Strength | 28.49 | NEGATIVE | ACAC has a low relative strength, it was outperformed by 71.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.7 | NEUTRAL | The RSI value for ACAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ACAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.03 | NEUTRAL | The Stochastics value for ACAC is a neutral value. |
| Average True Range in percent/ATR (20) | 12.4 | HIGH VOLATILITY | The high ATR as a percentage value for ACAC suggests high volalility. |
| Average Directional Index/ADX (14) | 40.18 | POSITIVE | The high ADX value value for ACAC suggests a strong trend. |
11.2
-1.75 (-13.51%)
ACRI CAPITAL ACQUISITION COR / ACAC FAQ
What is the technical rating for ACAC stock?
ChartMill assigns a technical rating of 2 / 10 to ACAC.
Can you provide the trend direction for ACRI CAPITAL ACQUISITION COR?
The current trend direction for ACRI CAPITAL ACQUISITION COR (ACAC) is Bearish.
What is the RSI signal for ACAC stock?
ACRI CAPITAL ACQUISITION COR (ACAC) has an RSI value of 44.6969. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ACRI CAPITAL ACQUISITION COR?
The MACD indicator for ACRI CAPITAL ACQUISITION COR (ACAC) has a value of 0.0033895, indicating a bearish trend.