Overall ALTUW gets a technical rating of 0 out of 10. ALTUW'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.
- When comparing the yearly performance of all stocks, ALTUW is a bad performer in the overall market: 100% of all stocks are doing better.
- ALTUW is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month ALTUW has a been trading in the 0.00 - 0.04 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of ALTUW 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
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We found 1 important resistance area.
- A resistance zone ranging from 0.02 to 0.02. 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 ALTUW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALTUW is down. |
| ChartMill Relative Strength | 0.03 | NEGATIVE | ALTUW has a low relative strength, it was outperformed by 99.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALTUW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALTUW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALTUW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.78 | NEUTRAL | The RSI value for ALTUW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ALTUW has a negative trend. |
| Stochastics (14,3) | 14.28 | OVERSOLD | The low Stochastics value suggests ALTUW may be oversold. |
| Average True Range in percent/ATR (20) | 1252.86 | HIGH VOLATILITY | The high ATR as a percentage value for ALTUW suggests high volalility. |
| Average Directional Index/ADX (14) | 24.88 | NEUTRAL | The ADX value for ALTUW suggests a possible start of a new trend. |
NASDAQ:ALTUW (3/13/2024, 8:17:47 PM)
0.0007
-0.02 (-96.76%)
ALTITUDE ACQ CL A -CW27 / ALTUW FAQ
What is the technical rating for ALTUW stock?
ChartMill assigns a technical rating of 0 / 10 to ALTUW.
What is the trend direction for ALTUW stock?
The current trend direction for ALTITUDE ACQ CL A -CW27 (ALTUW) is Bearish.
What is the RSI signal for ALTUW stock?
ALTITUDE ACQ CL A -CW27 (ALTUW) has an RSI value of 34.7841. This indicates that the stock is currently neutral.
What is the MACD signal for ALTITUDE ACQ CL A -CW27 (ALTUW) stock?
The MACD indicator for ALTITUDE ACQ CL A -CW27 (ALTUW) has a value of -0.00128855, indicating a bearish trend.