Aura FAT Projects Acquisition Corporation (AFAR) Technical Analysis
NASDAQ:AFAR • KYG063621000
Current stock price
AFAR Technical Rating and Analysis
Overall AFAR gets a technical rating of 8 out of 10. 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.
- In the last month AFAR has a been trading in the 11.20 - 13.70 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: AFAR has an average volume of 20708 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- When comparing the performance of all stocks over the past year, AFAR turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- AFAR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AFAR is lagging the market.
- Volume is considerably higher in the last couple of days.
AFAR Weekly and Daily overview Charts
AFAR Setup Rating and Analysis
Besides having an excellent technical rating, AFAR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
AFAR Support and Resistance Analysis
10.38
When analyzing the support we can see 4 important 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.
AFAR Technical Indicator Signal Analysis
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. |
AFAR Chart- and CandleStick Pattern Analysis
AFAR Example Setup
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 trade has a worst case loss of 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.
AFAR Technicals: Chart, Performance Metrics, Trend & Indicators
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 TA FAQ
What is the technical rating for AFAR stock?
ChartMill assigns a technical rating of 8 / 10 to AFAR.
Can you provide the trend direction for Aura FAT Projects Acquisition Corporation?
The current trend direction for Aura FAT Projects Acquisition Corporation (AFAR) is Bullish.
What is the RSI signal for Aura FAT Projects Acquisition Corporation (AFAR) stock?
Aura FAT Projects Acquisition Corporation (AFAR) has an RSI value of 55.299. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Aura FAT Projects Acquisition Corporation?
The MACD indicator for Aura FAT Projects Acquisition Corporation (AFAR) has a value of 0.0289299, indicating a bearish trend.
What is the buy/sell signal for Aura FAT Projects Acquisition Corporation (AFAR) stock?
The buy/sell signal for Aura FAT Projects Acquisition Corporation (AFAR) is buy as both the short term and long term trends are positive.