We assign a technical rating of 2 out of 10 to ACEVU. ACEVU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of ACEVU 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
9.67
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.13 to 10.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.47 to 10.71. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ACEVU is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACEVU is neutral. |
| ChartMill Relative Strength | 55.44 | NEUTRAL | ACEVU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ACEVU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACEVU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACEVU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.6 | NEUTRAL | The RSI value for ACEVU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ACEVU has a negative trend. |
| Stochastics (14,3) | 34.73 | NEUTRAL | The Stochastics value for ACEVU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ACEVU suggests some volalility. |
| Average Directional Index/ADX (14) | 15.09 | NEGATIVE | The low ADX value for ACEVU suggests a weak or negative trend. |
NASDAQ:ACEVU (11/22/2022, 8:00:00 PM)
9.769
-0.01 (-0.11%)
ACE CONVERGENCE ACQUISITION / ACEVU FAQ
What is the ChartMill technical rating of ACE CONVERGENCE ACQUISITION (ACEVU) stock?
ChartMill assigns a technical rating of 2 / 10 to ACEVU.
What is the trend direction for ACEVU stock?
The current trend direction for ACE CONVERGENCE ACQUISITION (ACEVU) is Bearish.
What is the RSI signal for ACE CONVERGENCE ACQUISITION (ACEVU) stock?
ACE CONVERGENCE ACQUISITION (ACEVU) has an RSI value of 39.5952. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ACE CONVERGENCE ACQUISITION?
The MACD indicator for ACE CONVERGENCE ACQUISITION (ACEVU) has a value of -0.055844, indicating a bearish trend.
What is the short term momentum for ACEVU stock?
The short term momentum for ACE CONVERGENCE ACQUISITION (ACEVU) is neutral.