Ace Global Business Acquisition Ltd (ACBAU) Stock Technical Analysis
NASDAQ:ACBAU - Nasdaq - VGG0083E1280 - Currency: USD
We assign a technical rating of 8 out of 10 to ACBAU. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ACBAU is only an average performer.
Warning: ACBAU has an average volume of 182 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ACBAU is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ACBAU is performing more or less in line with the market.
In the last month ACBAU has a been trading in the 10.08 - 12.50 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ACBAU turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
Although ACBAU has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
10.14
12.12
We found 3 important support areas.
- A support zone ranging from 11.28 to 11.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.89 to 11.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.24 to 10.43. This zone is formed by a combination of multiple trend lines 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
CRS69.58
Mansfield-0.85
10 Day High12.5
10 Day Low10.08
20 Day High12.5
20 Day Low10.08
52 Week High12.71
52 Week Low9.76
Performance
1 Week3.81%
2 Weeks7.62%
1 Month7.82%
3 Month7.82%
6 Month11.01%
12 Month18.5%
2 Year16.05%
3 YearN/A
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)0.09
RSI(14)62.54
LBB10.41
UBB12.36
Ace Global Business Acquisition Ltd
NASDAQ:ACBAU (5/3/2024, 8:00:00 PM)
12
+0.04 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.33%
1 Week3.81%
2 Weeks7.62%
1 Month7.82%
3 Month7.82%
6 Month11.01%
12 Month18.5%
2 Year16.05%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%2.29%
ATR Inc21.6%
Range Today0.5
ADR(20)0.06
ADR(20)%0.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.58
Mansfield-0.85
10 Day High12.5
10 Day Low10.08
20 Day High12.5
20 Day Low10.08
52 Week High12.71
52 Week Low9.76
CS1 End11.48
CR1 StartN/A
Volume & EV
DER(3)16.67%
DER(5)10%
Volume200
Volume Incr-28%
Vol(5)180
Vol(50)182