ALTC ACQUISITION CORP-CL A (ALCC) Technical Analysis
NYSE:ALCC • US02156V1098
Current stock price
ALCC Technical Rating and Analysis
Taking everything into account, ALCC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALCC is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- ALCC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ALCC has a been trading in the 12.25 - 18.80 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ALCC has an average volume of 1174630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that ALCC is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALCC Weekly and Daily overview Charts
ALCC Setup Rating and Analysis
Although ALCC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
ALCC Support and Resistance Analysis
10.23
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.84 to 10.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.62 to 10.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.33 to 10.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
ALCC 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 ALCC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALCC is up. |
| ChartMill Relative Strength | 96.46 | POSITIVE | ALCC has a high relative strength, it outperformed 96.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALCC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALCC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.88 | OVERBOUGHT | The high RSI value suggests ALCC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests ALCC has a positive trend. |
| Stochastics (14,3) | 75.26 | NEUTRAL | The Stochastics value for ALCC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.03 | HIGH VOLATILITY | The high ATR as a percentage value for ALCC suggests high volalility. |
| Average Directional Index/ADX (14) | 54.28 | POSITIVE | The high ADX value value for ALCC suggests a strong trend. |
ALCC Chart- and CandleStick Pattern Analysis
ALCC Technicals: Chart, Performance Metrics, Trend & Indicators
18.23
+3.06 (+20.17%)
ALTC ACQUISITION CORP-CL A / ALCC TA FAQ
Can you provide the ChartMill technical rating for ALTC ACQUISITION CORP-CL A?
ChartMill assigns a technical rating of 9 / 10 to ALCC.
Can you provide the trend direction for ALTC ACQUISITION CORP-CL A?
The current trend direction for ALTC ACQUISITION CORP-CL A (ALCC) is Bullish.
Can you provide the RSI signal for ALTC ACQUISITION CORP-CL A?
ALTC ACQUISITION CORP-CL A (ALCC) has an RSI value of 72.8795. This indicates that the stock is currently overbought.
What is the short term momentum for ALCC stock?
The short term momentum for ALTC ACQUISITION CORP-CL A (ALCC) is positive.
Can you provide the support and resistance levels for ALTC ACQUISITION CORP-CL A?
ALTC ACQUISITION CORP-CL A (ALCC) has a support level at 10.89. Check the full technical report for our detailed analysis of ALCC support and resistance levels.