AMCI ACQUISITION CORP II (AMCIU) Stock Technical Analysis
NASDAQ:AMCIU - Nasdaq - US00166R2094 - Currency: USD
Overall AMCIU gets a technical rating of 5 out of 10. In the last year, AMCIU was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
AMCIU 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 resistance zone just above the current price starting at 10.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.41, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMCIU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 3 important areas.
- Support @10.41 from a horizontal line in the daily time frame.
- A support zone ranging from 10.09 to 10.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.82 to 9.85. 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 10.50 to 10.52. This zone is formed by a combination of multiple trend lines 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 AMCIU is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMCIU is up. |
| ChartMill Relative Strength | 62.08 | NEUTRAL | AMCIU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMCIU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AMCIU is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMCIU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.34 | NEUTRAL | The RSI value for AMCIU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AMCIU has a positive trend. |
| Stochastics (14,3) | 68.66 | NEUTRAL | The Stochastics value for AMCIU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for AMCIU suggests some volalility. |
| Average Directional Index/ADX (14) | 58.68 | POSITIVE | The high ADX value value for AMCIU suggests a strong trend. |
NASDAQ:AMCIU (2/7/2023, 4:00:00 PM)
10.43
-0.06 (-0.57%)