ALTITUDE ACQUISITION CORP-A (ALTU) Stock Technical Analysis
NASDAQ:ALTU - US02156Y1038 - Common Stock
10.12 USD
-0.13 (-1.27%)
Overall ALTU gets a technical rating of 0 out of 10. ALTU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, ALTU is a bad performer in the overall market: 66% of all stocks are doing better.
Warning: ALTU has an average volume of 3934 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ALTU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALTU is lagging the market.
In the last month ALTU has a been trading in a tight range between 10.12 and 10.37.
Volume is considerably higher in the last couple of days.
The technical rating of ALTU is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.76
10.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.07 to 10.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.86 to 9.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.12 to 10.43. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for ALTU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALTU is down. |
| ChartMill Relative Strength | 34.34 | NEUTRAL | ALTU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALTU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALTU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ALTU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.2 | OVERSOLD | The low RSI value suggests ALTU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALTU has a negative trend. |
| Stochastics (14,3) | 0.03 | OVERSOLD | The low Stochastics value suggests ALTU may be oversold. |
| Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for ALTU suggests low volalility. |
| Average Directional Index/ADX (14) | 55.06 | POSITIVE | The high ADX value value for ALTU 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)
NASDAQ:ALTU (3/13/2024, 8:17:47 PM)
10.12
-0.13 (-1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.27%
1 Week-2.13%
2 Weeks-1.75%
1 Month-1.36%
3 Month-1.46%
6 Month-0.1%
12 Month0.6%
2 Year1.71%
3 Year0.9%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.37%
ATR Inc130.59%
Range Today0.03
ADR(20)0.02
ADR(20)%0.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.34
Mansfield-1.38
10 Day High10.37
10 Day Low10.12
20 Day High10.37
20 Day Low10.12
52 Week High10.45
52 Week Low9.95
CS1 End10.09
CR1 Start10.12
Volume & EV
DER(3)-1.29%
DER(5)-0.77%
Volume68.90K
Volume Incr532.38%
Vol(5)16.60K
Vol(50)3.93K