Alberton Acquisition Corporation (ALACW) Technical Analysis
NASDAQ:ALACW
Current stock price
ALACW Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ALACW. ALACW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ALACW is a bad performer in the overall market: 100% of all stocks are doing better.
- ALACW is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so ALACW is lagging the market.
- In the last month ALACW has a been trading in the 0.00 - 0.30 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ALACW Weekly and Daily overview Charts
ALACW Setup Rating and Analysis
The technical rating of ALACW is bad and it also does not present a quality setup 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
ALACW Support and Resistance Analysis
ALACW 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 | DOWN | NEGATIVE | The long term trend for ALACW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALACW is down. |
| ChartMill Relative Strength | 0.02 | NEGATIVE | ALACW has a low relative strength, it was outperformed by 99.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALACW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALACW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALACW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.93 | OVERSOLD | The low RSI value suggests ALACW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ALACW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.07 | OVERSOLD | The low Stochastics value suggests ALACW may be oversold. |
| Average True Range in percent/ATR (20) | 477 | HIGH VOLATILITY | The high ATR as a percentage value for ALACW suggests high volalility. |
ALACW Chart- and CandleStick Pattern Analysis
ALACW Technicals: Chart, Performance Metrics, Trend & Indicators
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-0.01 (-55.56%)
Alberton Acquisition Corporation / ALACW TA FAQ
Can you provide the ChartMill technical rating for Alberton Acquisition Corporation?
ChartMill assigns a technical rating of 0 / 10 to ALACW.
What is the trend direction for ALACW stock?
The current trend direction for Alberton Acquisition Corporation (ALACW) is Bearish.
Can you provide the RSI signal for Alberton Acquisition Corporation?
Alberton Acquisition Corporation (ALACW) has an RSI value of 23.9262. This indicates that the stock is currently oversold.
What is the short term momentum for Alberton Acquisition Corporation (ALACW) stock?
The short term momentum for Alberton Acquisition Corporation (ALACW) is negative.