ALTITUDE ACQUISITION CORP-A (ALTU) Stock Technical Analysis
USA - NASDAQ:ALTU - US02156Y1038 - Common Stock
Overall ALTU gets a technical rating of 0 out of 10. ALTU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
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.
When analyzing the resistance we notice one important 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. |
NASDAQ:ALTU (3/13/2024, 8:17:47 PM)
10.12
-0.13 (-1.27%)
ALTITUDE ACQUISITION CORP-A / ALTU FAQ
What is the technical rating for ALTU stock?
ChartMill assigns a technical rating of 0 / 10 to ALTU.
What is the current trend direction of ALTITUDE ACQUISITION CORP-A (ALTU) stock?
The current trend direction for ALTITUDE ACQUISITION CORP-A (ALTU) is Bearish.
What is the RSI signal for ALTITUDE ACQUISITION CORP-A (ALTU) stock?
ALTITUDE ACQUISITION CORP-A (ALTU) has an RSI value of 29.1998. This indicates that the stock is currently oversold.
Can you provide the short term momentum for ALTITUDE ACQUISITION CORP-A?
The short term momentum for ALTITUDE ACQUISITION CORP-A (ALTU) is negative.