ACRI CAPITAL ACQUISITION COR (ACAC) Stock Technical Analysis
NASDAQ:ACAC - Nasdaq - US00501A1016 - Common Stock - Currency: USD
Taking everything into account, ACAC scores 2 out of 10 in our technical rating. ACAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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 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
13.55
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.
When analyzing the resistance we notice one important 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.2
-1.75 (-13.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-13.51%
1 Week-12.5%
2 Weeks-3.45%
1 Month-2.1%
3 Month-0.8%
6 Month0.63%
12 Month3.99%
2 Year12.34%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.14
ATR(20)%12.4%
ATR Inc-12.53%
Range Today1.2
ADR(20)1.26
ADR(20)%11.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.49
Mansfield-1.38
10 Day High14.99
10 Day Low11.02
20 Day High14.99
20 Day Low10.2
52 Week High14.99
52 Week Low9.88
CS1 End11.04
CR1 Start13.42
Volume & EV
DER(3)-16.73%
DER(5)-9.1%
Volume4.20K
Volume Incr-82.73%
Vol(5)2.62K
Vol(50)13.81K