ATLANTIC COASTAL ACQUISITION (ACAHU) Technical Analysis
NASDAQ:ACAHU • US0484532033
Current stock price
ACAHU Technical Rating and Analysis
Taking everything into account, ACAHU scores 6 out of 10 in our technical rating. Although ACAHU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: ACAHU has an average volume of 2136 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 positive. This is a very positive sign.
- In the last month ACAHU has a been trading in the 9.90 - 11.76 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When compared to the yearly performance of all other stocks, ACAHU outperforms 59% of them, which is more or less in line with the market.
- ACAHU is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACAHU is lagging the market slightly.
ACAHU Weekly and Daily overview Charts
ACAHU Setup Rating and Analysis
Although the technical rating is only medium, ACAHU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.65, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ACAHU Support and Resistance Analysis
9.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.46 to 10.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.29 from a trend line in the daily time frame.
- A support zone ranging from 9.77 to 10.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.31 to 11.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
ACAHU 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 | UP | POSITIVE | The long term trend for ACAHU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACAHU is up. |
| ChartMill Relative Strength | 59.03 | NEUTRAL | ACAHU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ACAHU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACAHU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACAHU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.03 | NEUTRAL | The RSI value for ACAHU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ACAHU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.48 | NEUTRAL | The Stochastics value for ACAHU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for ACAHU suggests some volalility. |
| Average Directional Index/ADX (14) | 24.21 | NEUTRAL | The ADX value for ACAHU suggests a possible start of a new trend. |
ACAHU Chart- and CandleStick Pattern Analysis
ACAHU Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.92 | 10.45 | 0.47 (4.30%) | 23.23% |
| An entry @10.92. This is a Buy Stop order right above the 10 day high. | An exit @10.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.47 points, which is 4.30%. | When investing 23.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ACAHU Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ACAHU (1/23/2024, 8:16:45 PM)
10.66
-0.05 (-0.47%)
ATLANTIC COASTAL ACQUISITION / ACAHU TA FAQ
Can you provide the ChartMill technical rating for ATLANTIC COASTAL ACQUISITION?
ChartMill assigns a technical rating of 6 / 10 to ACAHU.
What is the current trend direction of ATLANTIC COASTAL ACQUISITION (ACAHU) stock?
The current trend direction for ATLANTIC COASTAL ACQUISITION (ACAHU) is Bullish.
What is the RSI signal for ACAHU stock?
ATLANTIC COASTAL ACQUISITION (ACAHU) has an RSI value of 52.0333. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ATLANTIC COASTAL ACQUISITION?
The MACD indicator for ATLANTIC COASTAL ACQUISITION (ACAHU) has a value of -0.010375, indicating a bearish trend.
What is the buy/sell signal for ATLANTIC COASTAL ACQUISITION (ACAHU) stock?
The buy/sell signal for ATLANTIC COASTAL ACQUISITION (ACAHU) is buy as both the short term and long term trends are positive.