We assign a technical rating of 9 out of 10 to AKIC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AKIC is showing a nice and steady performance.
Although AKIC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.52
We found 1 important support area.
- A support zone ranging from 9.62 to 10.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.12 to 10.12. 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 AKIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKIC is up. |
| ChartMill Relative Strength | 75.05 | POSITIVE | AKIC has a high relative strength, it outperformed 75.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AKIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AKIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.19 | OVERBOUGHT | The high RSI value suggests AKIC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AKIC has a positive trend. |
| Stochastics (14,3) | 92.14 | OVERBOUGHT | The high Stochastics value suggests AKIC may be overbought. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for AKIC suggests low volalility. |
| Average Directional Index/ADX (14) | 56.62 | POSITIVE | The high ADX value value for AKIC suggests a strong trend. |
NASDAQ:AKIC (12/28/2022, 8:15:03 PM)
10.1085
+0.01 (+0.08%)
SPORTS VENTURES ACQUISITIO-A / AKIC FAQ
What is the ChartMill technical rating of SPORTS VENTURES ACQUISITIO-A (AKIC) stock?
ChartMill assigns a technical rating of 9 / 10 to AKIC.
Can you provide the trend direction for SPORTS VENTURES ACQUISITIO-A?
The current trend direction for SPORTS VENTURES ACQUISITIO-A (AKIC) is Bullish.
Can you provide the RSI signal for SPORTS VENTURES ACQUISITIO-A?
SPORTS VENTURES ACQUISITIO-A (AKIC) has an RSI value of 78.1868. This indicates that the stock is currently overbought.
What is the MACD signal for AKIC stock?
The MACD indicator for SPORTS VENTURES ACQUISITIO-A (AKIC) has a value of 0.00203933, indicating a bearish trend.
Can you provide the support and resistance levels for SPORTS VENTURES ACQUISITIO-A?
SPORTS VENTURES ACQUISITIO-A (AKIC) has a support level at 10.08 and a resistance level at 10.12. Check the full technical report for our detailed analysis of AKIC support and resistance levels.