AMCI ACQUISITION II A -CW28 (AMCIW) Stock Technical Analysis
NASDAQ:AMCIW - Nasdaq - - Currency: USD
Overall AMCIW gets a technical rating of 9 out of 10. Both in the recent history as in the last year, AMCIW has proven to be a steady performer, scoring decent points in every aspect analyzed.
AMCIW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMCIW is lagging the market.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, AMCIW did better than 84% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month AMCIW has a been trading in the 0.19 - 0.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, AMCIW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for AMCIW in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.19
0.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.28 to 0.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.21 from a trend line in the daily time frame.
- Support @0.19 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for AMCIW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMCIW is up. |
| ChartMill Relative Strength | 84.36 | POSITIVE | AMCIW has a high relative strength, it outperformed 84.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMCIW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMCIW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMCIW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.38 | NEUTRAL | The RSI value for AMCIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AMCIW has a positive trend. |
| Stochastics (14,3) | 42.66 | NEUTRAL | The Stochastics value for AMCIW is a neutral value. |
| Average True Range in percent/ATR (20) | 22.89 | HIGH VOLATILITY | The high ATR as a percentage value for AMCIW suggests high volalility. |
| Average Directional Index/ADX (14) | 21.15 | NEUTRAL | The ADX value for AMCIW suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.51 | 0.27 | 0.24 (47.06%) | 2.13% |
| An entry @0.51. This is a Buy Stop order right above the 10 day high. | An exit @0.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.24 points, which is 47.06%. | For a 1.00% total portfolio risk, you can invest 2.13% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
0.3301
+0.02 (+8.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.16%
1 Week0.03%
2 Weeks22.26%
1 Month32.04%
3 Month50.11%
6 Month73.74%
12 Month-31.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%22.89%
ATR Inc-36.71%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.36
Mansfield0.81
10 Day High0.5
10 Day Low0.24
20 Day High0.5
20 Day Low0.19
52 Week High1.02
52 Week Low0.1
CS1 End0.28
CR1 StartN/A
Volume & EV
DER(3)31.95%
DER(5)17.82%
Volume380.90K
Volume Incr429.05%
Vol(5)117.66K
Vol(50)32.16K