ACE CONVERGENCE ACQU-C -CW27 (ACEVW) Stock Technical Analysis
NASDAQ:ACEVW - Nasdaq - - Currency: USD
We assign a technical rating of 4 out of 10 to ACEVW. Recently some decent action could be observed, but in the medium term time frame this is still negative. ACEVW was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
65% of all other stocks performed better in the past year than ACEVW.
ACEVW is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ACEVW has a been trading in the 0.04 - 0.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ACEVW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ACEVW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.15
0.20
When analyzing the support we notice one important area.
- Support @0.15 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.20 from a horizontal line 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 ACEVW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACEVW is neutral. |
| ChartMill Relative Strength | 35.89 | NEUTRAL | ACEVW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACEVW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACEVW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACEVW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.14 | NEUTRAL | The RSI value for ACEVW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ACEVW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.92 | NEUTRAL | The Stochastics value for ACEVW is a neutral value. |
| Average True Range in percent/ATR (20) | 28.83 | HIGH VOLATILITY | The high ATR as a percentage value for ACEVW suggests high volalility. |
| Average Directional Index/ADX (14) | 16.51 | NEGATIVE | The low ADX value for ACEVW suggests a weak or negative trend. |
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)
NASDAQ:ACEVW (11/22/2022, 8:00:00 PM)
0.1699
+0.02 (+13.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg13.27%
1 Week-0.12%
2 Weeks9.68%
1 Month105.19%
3 Month61.66%
6 Month-32.34%
12 Month-86.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%28.83%
ATR Inc13.94%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.89
Mansfield-4.86
10 Day High0.2
10 Day Low0.08
20 Day High0.2
20 Day Low0.04
52 Week High1.34
52 Week Low0.03
CS1 End0.15
CR1 Start0.2
Volume & EV
DER(3)8.99%
DER(5)21.01%
Volume132.00K
Volume Incr-9.52%
Vol(5)72.96K
Vol(50)64.62K