ATLANTIC COASTAL ACQUISITI-A (ACAH) Stock Technical Analysis
NASDAQ:ACAH - Nasdaq - US0484531043 - Common Stock - Currency: USD
Taking everything into account, ACAH scores 2 out of 10 in our technical rating. ACAH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month ACAH has a been trading in the 10.45 - 11.64 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: ACAH has an average volume of 11590 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, ACAH outperforms 44% of them, which is more or less in line with the market.
ACAH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACAH is lagging the market.
Although the technical rating is bad, ACAH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.43, a Stop Loss order could be placed below this zone.
More info and screens
9.61
11.10
We found 3 important support areas.
- A support zone ranging from 10.29 to 10.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @10.09 from a horizontal line in the daily time frame.
- A support zone ranging from 9.71 to 9.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.56 to 10.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.88 to 10.99. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ACAH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACAH is neutral. |
| ChartMill Relative Strength | 44.73 | NEUTRAL | ACAH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACAH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACAH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACAH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.73 | NEUTRAL | The RSI value for ACAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ACAH has a negative trend. |
| Stochastics (14,3) | 3 | OVERSOLD | The low Stochastics value suggests ACAH may be oversold. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for ACAH suggests low volalility. |
| Average Directional Index/ADX (14) | 78.5 | POSITIVE | The high ADX value value for ACAH 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)
NASDAQ:ACAH (2/23/2024, 8:27:34 PM)
10.45
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-1.6%
2 Weeks-1.51%
1 Month-0.85%
3 Month-2.06%
6 Month1.75%
12 Month4.92%
2 Year7.4%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%1.75%
ATR Inc-53.46%
Range Today0.03
ADR(20)0.15
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.73
Mansfield-1.44
10 Day High11.28
10 Day Low10.45
20 Day High11.64
20 Day Low10.45
52 Week High11.64
52 Week Low9.96
CS1 End10.43
CR1 Start10.56
Volume & EV
DER(3)-2.56%
DER(5)-0.87%
Volume37.90K
Volume Incr-32.33%
Vol(5)14.12K
Vol(50)11.59K