ACKRELL SPAC PARTNERS I CO (ACKIU) Stock Technical Analysis
NASDAQ:ACKIU • US00461L2043
Taking everything into account, ACKIU scores 2 out of 10 in our technical rating. ACKIU 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.
- Warning: ACKIU has an average volume of 1258 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that ACKIU is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- ACKIU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ACKIU is lagging the market.
- In the last month ACKIU has a been trading in a tight range between 10.31 and 10.50.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ACKIU does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 10.34, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.89
When analyzing the support we notice one important area.
- A support zone ranging from 9.99 to 10.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.38 to 10.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.77 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ACKIU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACKIU is down. |
| ChartMill Relative Strength | 75.41 | POSITIVE | ACKIU has a high relative strength, it outperformed 75.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACKIU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACKIU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ACKIU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.96 | NEUTRAL | The RSI value for ACKIU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ACKIU has a negative trend. |
| Stochastics (14,3) | 19.88 | OVERSOLD | The low Stochastics value suggests ACKIU may be oversold. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for ACKIU suggests low volalility. |
| Average Directional Index/ADX (14) | 19.52 | NEGATIVE | The low ADX value for ACKIU suggests a weak or negative trend. |
NASDAQ:ACKIU (8/31/2022, 4:01:07 PM)
10.36
-0.02 (-0.19%)
ACKRELL SPAC PARTNERS I CO / ACKIU FAQ
Can you provide the ChartMill technical rating for ACKRELL SPAC PARTNERS I CO?
ChartMill assigns a technical rating of 2 / 10 to ACKIU.
What is the current trend direction of ACKRELL SPAC PARTNERS I CO (ACKIU) stock?
The current trend direction for ACKRELL SPAC PARTNERS I CO (ACKIU) is Bearish.
Can you provide the RSI signal for ACKRELL SPAC PARTNERS I CO?
ACKRELL SPAC PARTNERS I CO (ACKIU) has an RSI value of 47.9552. This indicates that the stock is currently neutral.
What is the short term momentum for ACKIU stock?
The short term momentum for ACKRELL SPAC PARTNERS I CO (ACKIU) is negative.
What is the support and resistance level for ACKIU stock?
ACKRELL SPAC PARTNERS I CO (ACKIU) has a support level at 10.34 and a resistance level at 10.38. Check the full technical report for our detailed analysis of ACKIU support and resistance levels.