Ace Global Business Acquisition Ltd (ACBA) Technical Analysis
NASDAQ:ACBA • VGG0083E1025
We assign a technical rating of 5 out of 10 to ACBA. 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 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 however is also trading near new highs, which makes the performance in line with the market.
- When comparing the performance of all stocks over the past year, ACBA turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- In the last month ACBA has a been trading in a tight range between 12.03 and 12.23.
ACBA has only a medium technical rating, but it does show a decent setup pattern. 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
2 important support areas can be observed.
- 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. |
ACBA Technicals: Chart, Performance Metrics, Trend & Indicators
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%)
Ace Global Business Acquisition Ltd / ACBA FAQ
What is the ChartMill technical rating of Ace Global Business Acquisition Ltd (ACBA) stock?
ChartMill assigns a technical rating of 5 / 10 to ACBA.
What is the trend direction for ACBA stock?
The current trend direction for Ace Global Business Acquisition Ltd (ACBA) is Bullish.
What is the RSI signal for ACBA stock?
Ace Global Business Acquisition Ltd (ACBA) has an RSI value of 47.3278. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Ace Global Business Acquisition Ltd?
The short term momentum for Ace Global Business Acquisition Ltd (ACBA) is neutral.