Ace Global Business Acquisition Ltd (ACBA) Technical Analysis
NASDAQ:ACBA • VGG0083E1025
Current stock price
ACBA Technical Rating and Analysis
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 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 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.
ACBA Weekly and Daily overview Charts
ACBA Setup Rating and Analysis
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
ACBA Support and Resistance Analysis
11.34
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.
ACBA 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 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 Chart- and CandleStick Pattern Analysis
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 TA 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.