Ace Global Business Acquisition Ltd (ACBAW) Stock Technical Analysis
USA - NASDAQ:ACBAW -
Overall ACBAW gets a technical rating of 1 out of 10. ACBAW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ACBAW is bad and it also does not present a quality setup 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
0.01
2 important support areas can be observed.
- Support @0.02 from a trend line in the weekly time frame.
- Support @0.01 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for ACBAW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACBAW is neutral. |
| ChartMill Relative Strength | 4.73 | NEGATIVE | ACBAW has a low relative strength, it was outperformed by 95.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACBAW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACBAW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACBAW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.1 | NEUTRAL | The RSI value for ACBAW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ACBAW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.01 | NEUTRAL | The Stochastics value for ACBAW is a neutral value. |
| Average True Range in percent/ATR (20) | 43.83 | HIGH VOLATILITY | The high ATR as a percentage value for ACBAW suggests high volalility. |
| Average Directional Index/ADX (14) | 11.96 | NEGATIVE | The low ADX value for ACBAW suggests a weak or negative trend. |
Ace Global Business Acquisition Ltd
NASDAQ:ACBAW (5/23/2024, 8:00:00 PM)
0.02
-0.01 (-40.3%)
Ace Global Business Acquisition Ltd / ACBAW FAQ
What is the ChartMill technical rating of Ace Global Business Acquisition Ltd (ACBAW) stock?
ChartMill assigns a technical rating of 1 / 10 to ACBAW.
What is the trend direction for ACBAW stock?
The current trend direction for Ace Global Business Acquisition Ltd (ACBAW) is Bearish.
Can you provide the RSI signal for Ace Global Business Acquisition Ltd?
Ace Global Business Acquisition Ltd (ACBAW) has an RSI value of 45.102. This indicates that the stock is currently neutral.
What is the MACD signal for ACBAW stock?
The MACD indicator for Ace Global Business Acquisition Ltd (ACBAW) has a value of 0.000889764, indicating a bearish trend.
What is the support and resistance level for ACBAW stock?
Ace Global Business Acquisition Ltd (ACBAW) has a support level at 0.02 and a resistance level at 0.03. Check the full technical report for our detailed analysis of ACBAW support and resistance levels.