Ace Global Business Acquisition Ltd (ACBA) Stock Technical Analysis
NASDAQ:ACBA - Nasdaq - VGG0083E1025 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ACBA. In the last year, ACBA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
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 gets the benefit of the doubt for now.
ACBA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ACBA is leading 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
We found 2 important support 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.
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
Performance
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
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)-0.02
RSI(14)47.33
LBB12.02
UBB12.23
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