Ace Global Business Acquisition Ltd (ACBA) Stock Technical Analysis
USA - NASDAQ:ACBA - VGG0083E1025 - Common Stock
12.03 USD
-0.2 (-1.64%)
12 USD
-0.03 (-0.25%)
Taking everything into account, ACBA scores 5 out of 10 in our technical rating. ACBA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: ACBA has an average volume of 13528 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 12.03 and 12.23.
Although the technical rating is only medium, ACBA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 12.03, a Stop Loss order could be placed below this zone.
More info and screens
11.34
12.36
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.90 to 12.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.45 to 11.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.12 to 12.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for ACBA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACBA is neutral. |
| ChartMill Relative Strength | 61.59 | NEUTRAL | ACBA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACBA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACBA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACBA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.33 | NEUTRAL | The RSI value for ACBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ACBA has a negative trend. |
| Stochastics (14,3) | 42.11 | NEUTRAL | The Stochastics value for ACBA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for ACBA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.74 | NEGATIVE | The low ADX value for ACBA suggests a weak or negative 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)
Ace Global Business Acquisition Ltd
NASDAQ:ACBA (5/23/2024, 8:00:00 PM)
After market: 12 -0.03 (-0.25%)12.03
-0.2 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.64%
1 Week-1.64%
2 Weeks-0.99%
1 Month-1.64%
3 Month2.82%
6 Month6.55%
12 Month11.7%
2 Year17.14%
3 Year21.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.79%
ATR Inc138.41%
Range Today0.19
ADR(20)0.05
ADR(20)%0.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.59
Mansfield-1.22
10 Day High12.23
10 Day Low12.03
20 Day High12.23
20 Day Low12.03
52 Week High12.23
52 Week Low10.77
CS1 End12.03
CR1 Start12.12
Volume & EV
DER(3)-0.77%
DER(5)-10.46%
Volume80.00K
Volume Incr46.06%
Vol(5)16.14K
Vol(50)13.53K