ACRI CAPITAL ACQUISITION COR (ACAC) Technical Analysis
NASDAQ:ACAC • US00501A1016
Current stock price
ACAC Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ACAC. 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.
- 72% of all other stocks performed better in the past year than ACAC.
- Warning: ACAC has an average volume of 13810 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- ACAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACAC is lagging the market.
- In the last month ACAC has a been trading in the 10.20 - 14.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ACAC Weekly and Daily overview Charts
ACAC Setup Rating and Analysis
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
ACAC Support and Resistance Analysis
10.63
2 important support areas can be observed.
- 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.
ACAC 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 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. |
ACAC Chart- and CandleStick Pattern Analysis
ACAC Technicals: Chart, Performance Metrics, Trend & Indicators
11.2
-1.75 (-13.51%)
ACRI CAPITAL ACQUISITION COR / ACAC TA 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.
Can you provide the RSI signal for ACRI CAPITAL ACQUISITION COR?
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.
What is the support and resistance level for ACAC stock?
ACRI CAPITAL ACQUISITION COR (ACAC) has a support level at 11.04 and a resistance level at 13.42. Check the full technical report for our detailed analysis of ACAC support and resistance levels.