ALTC ACQUISITION CORP-CL A (ALCC)       9.725  -0.02 (-0.15%)

9.725  -0.02 (-0.15%)

US02156V1098 - Common Stock

Technical Rating

5

Taking everything into account, ALCC scores 5 out of 10 in our technical rating. ALCC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that ALCC is one of the better performing stocks in the market, outperforming 81% of all stocks. However, we also see that ALCC couldn't keep up this performance in the last couple of months.
In the last month ALCC has a been trading in a tight range between 9.71 and 9.76.
ALCC is currently trading in the lower part of its 52 week range, which is not a good signal. On the other hand, the S&P500 Index is also trading in the lower part of its yearly range, so ALCC is not an exception.

Statistics

1 Month 3 Months 6 Months 12 Months -0.15% 0.36% -0.27% -1.07% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 81.17 9.6 - 10.16
ALCC Weekly chart
ALCC Daily chart

Support/Resistance Analysis


9.54

10.10
When analyzing the support we notice one important area.
  • A support zone ranging from 9.64 to 9.72. 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 9.73 to 10.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

8

ALCC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.72, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

ALCC Daily chart

ALTC ACQUISITION CORP-CL A9.725

NYSE:ALCC (9/23/2022, 7:04:00 PM)-0.02 (-0.15%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -0.15% 1 Week 0.05%
2 Weeks 0.05% 1 Month -0.15%
3 Month 0.36% 6 Month -0.27%
Volatility
ATR(14) 0.02 ATR(20)% 0.22%
ATR Inc -16.44% Range Today 0.02
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 81.17 Mansfield 1.57
10 Day High 9.76 10 Day Low 9.72
20 Day High 9.76 20 Day Low 9.72
52 Week High 10.16 52 Week Low 9.6
CS1 End 9.72 CR1 Start 9.73
Volume & EV
DER(3) 0% DER(5) -0.06%
Volume 4.70K Volume Incr 22.43%
Vol(5) 68.78K Vol(50) 55.60K

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