We assign a technical rating of 8 out of 10 to AFAR. Although AFAR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, AFAR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
10.38
We found 4 important support areas.
- A support zone ranging from 11.29 to 11.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.08 from a trend line in the daily time frame.
- A support zone ranging from 10.75 to 10.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.48 to 10.56. 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 AFAR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFAR is up. |
| ChartMill Relative Strength | 62.46 | NEUTRAL | AFAR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AFAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AFAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.3 | NEUTRAL | The RSI value for AFAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AFAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 18.53 | OVERSOLD | The low Stochastics value suggests AFAR may be oversold. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for AFAR suggests some volalility. |
| Average Directional Index/ADX (14) | 59.78 | POSITIVE | The high ADX value value for AFAR 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 |
|---|---|---|---|
| 13.71 | 11.28 | 2.43 (17.72%) | 5.64% |
| An entry @13.71. This is a Buy Stop order right above the 10 day high. | An exit @11.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.43 points, which is 17.72%. | For a 1.00% total portfolio risk, you can invest 5.64% of your capital in this trade. |
- 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.
Aura FAT Projects Acquisition Corporation
NASDAQ:AFAR (7/19/2024, 8:00:00 PM)
11.68
+0.15 (+1.3%)
Aura FAT Projects Acquisition Corporation / AFAR FAQ
What is the technical rating for AFAR stock?
ChartMill assigns a technical rating of 8 / 10 to AFAR.
What is the trend direction for AFAR stock?
The current trend direction for Aura FAT Projects Acquisition Corporation (AFAR) is Bullish.
What is the RSI signal for AFAR stock?
Aura FAT Projects Acquisition Corporation (AFAR) has an RSI value of 55.299. This indicates that the stock is currently neutral.
What is the MACD signal for Aura FAT Projects Acquisition Corporation (AFAR) stock?
The MACD indicator for Aura FAT Projects Acquisition Corporation (AFAR) has a value of 0.0289299, indicating a bearish trend.
What is the short term momentum for Aura FAT Projects Acquisition Corporation (AFAR) stock?
The short term momentum for Aura FAT Projects Acquisition Corporation (AFAR) is positive.