26 CAPITAL ACQUISITION CORP (ADERU) Technical Analysis
NASDAQ:ADERU • US90138P2092
We assign a technical rating of 8 out of 10 to ADERU. Although ADERU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: ADERU has an average volume of 1854 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.
- Looking at the yearly performance, ADERU did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- ADERU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ADERU is lagging the market.
- In the last month ADERU has a been trading in the 10.00 - 12.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ADERU has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
9.83
When analyzing the support we notice one important area.
- A support zone ranging from 9.93 to 10.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 12.63 to 12.63. 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 | UP | POSITIVE | The long term trend for ADERU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADERU is up. |
| ChartMill Relative Strength | 79.68 | POSITIVE | ADERU has a high relative strength, it outperformed 79.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADERU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADERU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADERU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.6 | NEUTRAL | The RSI value for ADERU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ADERU has a negative trend. |
| Stochastics (14,3) | 34.58 | NEUTRAL | The Stochastics value for ADERU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ADERU suggests some volalility. |
| Average Directional Index/ADX (14) | 12.26 | NEGATIVE | The low ADX value for ADERU suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.13 | 10.20 | 0.93 (8.35%) | 11.98% |
| An entry @11.13. This is a Buy Stop order right above the 10 day moving average. | An exit @10.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.93 points, which is 8.35%. | When investing 11.98% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ADERU Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ADERU (9/22/2023, 4:00:14 PM)
11.08
+0.03 (+0.27%)
26 CAPITAL ACQUISITION CORP / ADERU FAQ
Can you provide the ChartMill technical rating for 26 CAPITAL ACQUISITION CORP?
ChartMill assigns a technical rating of 8 / 10 to ADERU.
What is the current trend direction of 26 CAPITAL ACQUISITION CORP (ADERU) stock?
The current trend direction for 26 CAPITAL ACQUISITION CORP (ADERU) is Bullish.
What is the RSI signal for 26 CAPITAL ACQUISITION CORP (ADERU) stock?
26 CAPITAL ACQUISITION CORP (ADERU) has an RSI value of 55.598. This indicates that the stock is currently neutral.
Can you provide the MACD signal for 26 CAPITAL ACQUISITION CORP?
The MACD indicator for 26 CAPITAL ACQUISITION CORP (ADERU) has a value of -0.00420441, indicating a bearish trend.
What is the short term momentum for 26 CAPITAL ACQUISITION CORP (ADERU) stock?
The short term momentum for 26 CAPITAL ACQUISITION CORP (ADERU) is positive.