AMCI ACQUISITION CORP II (AMCIU) Technical Analysis
NASDAQ:AMCIU • US00166R2094
Current stock price
AMCIU Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to AMCIU. AMCIU has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- AMCIU is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so AMCIU is lagging the market.
- Warning: AMCIU has an average volume of 7832 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month AMCIU has a been trading in the 9.30 - 10.88 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, AMCIU turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- Considerably lower volume is observed in the last couple of days.
AMCIU Weekly and Daily overview Charts
AMCIU Setup Rating and Analysis
Although the technical rating is only medium, AMCIU does present a nice setup opportunity. 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.
More info and screens
AMCIU Support and Resistance Analysis
9.72
We found 3 important support 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.
AMCIU Technical Indicator Signal Analysis
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. |
AMCIU Chart- and CandleStick Pattern Analysis
AMCIU Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:AMCIU (2/7/2023, 4:00:00 PM)
10.43
-0.06 (-0.57%)
AMCI ACQUISITION CORP II / AMCIU TA FAQ
What is the ChartMill technical rating of AMCI ACQUISITION CORP II (AMCIU) stock?
ChartMill assigns a technical rating of 5 / 10 to AMCIU.
What is the current trend direction of AMCI ACQUISITION CORP II (AMCIU) stock?
The current trend direction for AMCI ACQUISITION CORP II (AMCIU) is Bearish.
What is the RSI signal for AMCI ACQUISITION CORP II (AMCIU) stock?
AMCI ACQUISITION CORP II (AMCIU) has an RSI value of 61.3444. This indicates that the stock is currently neutral.
What is the short term momentum for AMCI ACQUISITION CORP II (AMCIU) stock?
The short term momentum for AMCI ACQUISITION CORP II (AMCIU) is positive.