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ALTC ACQUISITION CORP-CL A (ALCC) Stock Technical Analysis

USA - New York Stock Exchange - NYSE:ALCC - US02156V1098 - Common Stock

18.23 USD
+3.06 (+20.17%)
Last: 5/9/2024, 8:04:00 PM
17.94 USD
-0.29 (-1.59%)
After Hours: 5/9/2024, 8:04:00 PM
Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to ALCC. 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!
A new 52 week high is currently being made by ALCC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
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.

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Weekly and Daily overview Charts
ALTC ACQUISITION CORP-CL A / ALCC Weekly stock chart
ALTC ACQUISITION CORP-CL A / ALCC Daily stock chart
Setup Rating and Analysis

2

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.

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Support and Resistance Analysis

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.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ALCC is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for ALCC is up.
ChartMill Relative Strength96.46POSITIVEALCC has a high relative strength, it outperformed 96.46% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of ALCC is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of ALCC is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ALCC is above the rising SMA(200).
Relative Strength Index/RSI (14)72.88OVERBOUGHTThe high RSI value suggests ALCC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.33POSITIVEThe MACD value suggests ALCC has a positive trend.
Stochastics (14,3)75.26NEUTRALThe Stochastics value for ALCC is a neutral value.
Average True Range in percent/ATR (20)7.03HIGH VOLATILITYThe high ATR as a percentage value for ALCC suggests high volalility.
Average Directional Index/ADX (14)54.28POSITIVEThe high ADX value value for ALCC suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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ALTC ACQUISITION CORP-CL A / ALCC Daily stock chart

ALTC ACQUISITION CORP-CL A

NYSE:ALCC (5/9/2024, 8:04:00 PM)

After market: 17.94 -0.29 (-1.59%)

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
3 months CRSN/A
6 months CRSN/A
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

ALTC ACQUISITION CORP-CL A / ALCC FAQ

Can you provide the ChartMill technical rating for ALTC ACQUISITION CORP-CL A?

ChartMill assigns a technical rating of 9 / 10 to ALCC.


What is the current trend direction of ALTC ACQUISITION CORP-CL A (ALCC) stock?

The current trend direction for ALTC ACQUISITION CORP-CL A (ALCC) is Bullish.


What is the RSI signal for ALTC ACQUISITION CORP-CL A (ALCC) stock?

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 buy/sell signal for ALTC ACQUISITION CORP-CL A?

The buy/sell signal for ALTC ACQUISITION CORP-CL A (ALCC) is buy as both the short term and long term trends are positive.