AF ACQUISITION CORP-CLASS A (AFAQ) Technical Analysis
NASDAQ:AFAQ • US0010401042
Taking everything into account, AFAQ scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, AFAQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
- AFAQ is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AFAQ is lagging the market.
- In the last month AFAQ has a been trading in the 9.96 - 10.88 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AFAQ is one of the better performing stocks in the market, outperforming 77% of all stocks.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, AFAQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.77, 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
9.52
When analyzing the support we notice one important area.
- A support zone ranging from 9.62 to 9.77. 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 10.04 to 10.11. This zone is formed by a combination of multiple trend lines and important moving averages 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 AFAQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFAQ is up. |
| ChartMill Relative Strength | 77.3 | POSITIVE | AFAQ has a high relative strength, it outperformed 77.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AFAQ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFAQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AFAQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.3 | NEUTRAL | The RSI value for AFAQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AFAQ has a negative trend. |
| Stochastics (14,3) | 10.8 | OVERSOLD | The low Stochastics value suggests AFAQ may be oversold. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for AFAQ suggests low volalility. |
| Average Directional Index/ADX (14) | 55.91 | POSITIVE | The high ADX value value for AFAQ suggests a strong 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 |
|---|---|---|---|
| 10.12 | 9.95 | 0.17 (1.68%) | 25.00% |
| An entry @10.12. This is a Buy Stop order right above the resistance zone. | An exit @9.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.17 points, which is 1.68%. | For a 0.42% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AFAQ. Please evaluate whether better entry and exit points can be found.
- 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.
AFAQ Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:AFAQ (12/22/2022, 8:20:08 PM)
10.02
-0.04 (-0.4%)
AF ACQUISITION CORP-CLASS A / AFAQ FAQ
Can you provide the ChartMill technical rating for AF ACQUISITION CORP-CLASS A?
ChartMill assigns a technical rating of 8 / 10 to AFAQ.
What is the trend direction for AFAQ stock?
The current trend direction for AF ACQUISITION CORP-CLASS A (AFAQ) is Bullish.
Can you provide the RSI signal for AF ACQUISITION CORP-CLASS A?
AF ACQUISITION CORP-CLASS A (AFAQ) has an RSI value of 52.3034. This indicates that the stock is currently neutral.
What is the short term momentum for AF ACQUISITION CORP-CLASS A (AFAQ) stock?
The short term momentum for AF ACQUISITION CORP-CLASS A (AFAQ) is positive.
What are the support and resistance levels for AF ACQUISITION CORP-CLASS A (AFAQ) stock?
AF ACQUISITION CORP-CLASS A (AFAQ) has a support level at 9.77 and a resistance level at 10.04. Check the full technical report for our detailed analysis of AFAQ support and resistance levels.