ACE GLOBAL BUSINESS ACQUISIT (ACBA)

VGG0083E1025 - Common Stock

12.23  +0.14 (+1.16%)

Technical Rating and Analysis

7

Taking everything into account, ACBA scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ACBA is only an average performer.

Warning: ACBA has an average volume of 13066 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 positive. This is looking good!
ACBA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When compared to the yearly performance of all other stocks, ACBA outperforms 61% of them, which is more or less in line with the market.
In the last month ACBA has a been trading in a tight range between 11.95 and 12.23.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
ACBA Weekly chart
ACBA Daily chart
Setup Rating and Analysis

4

Although ACBA has an excellent technical rating, the quality of the presented setup is not ideal 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.

Support and Resistance Analysis

11.32

12.36

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 11.90 to 12.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 11.43 to 11.59. 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 12.24 to 12.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.4
Mansfield-0.74
10 Day High12.23
10 Day Low12.06
20 Day High12.23
20 Day Low11.95
52 Week High12.23
52 Week Low10.77
Performance
1 Week0.66%
2 Weeks1.24%
1 Month1.69%
3 Month4.71%
6 Month7.85%
12 Month13.45%
2 Year19.08%
3 Year23.4%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)63.57
LBB12.02
UBB12.24
ACBA Daily chart

ACE GLOBAL BUSINESS ACQUISIT

NASDAQ:ACBA (5/1/2024, 7:00:00 PM)

12.23

+0.14 (+1.16%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.16%
1 Week0.66%
2 Weeks1.24%
1 Month1.69%
3 Month4.71%
6 Month7.85%
12 Month13.45%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.08
ATR(20)%0.74%
ATR Inc
Range Today0
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High12.23
10 Day Low12.06
20 Day High12.23
20 Day Low11.95
52 Week High12.23
52 Week Low10.77
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume200
Volume Incr-93.01%
Vol(5)800
Vol(50)13.07K