ALTC ACQUISITION CORP-CL A (ALCC) Stock Technical Analysis
NYSE:ALCC - New York Stock Exchange, Inc. - US02156V1098 - Common Stock - Currency: USD
Taking everything into account, ALCC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ALCC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
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 relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
10.23
18.41
3 important support areas can be observed.
- 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
18.23
+3.06 (+20.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg20.17%
1 Week42.31%
2 Weeks40.23%
1 Month35.94%
3 Month71.82%
6 Month76.99%
12 Month74.7%
2 Year88.72%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%7.03%
ATR Inc137.58%
Range Today3.39
ADR(20)1.22
ADR(20)%6.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.46
Mansfield5.1
10 Day High18.8
10 Day Low12.52
20 Day High18.8
20 Day Low12.25
52 Week High18.8
52 Week Low10.27
CS1 End10.89
CR1 StartN/A
Volume & EV
DER(3)-0.35%
DER(5)1.74%
Volume5.26M
Volume Incr119.89%
Vol(5)3.36M
Vol(50)1.17M