AXON INFRASTRUCTURE ACQUISI (APMIU) Technical Analysis
NASDAQ:APMIU • US05467C2070
Current stock price
APMIU Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to APMIU. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, APMIU is only an average performer.
- Warning: APMIU has an average volume of 16860 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- When compared to the yearly performance of all other stocks, APMIU outperforms 63% of them, which is more or less in line with the market.
- APMIU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so APMIU is lagging the market.
- In the last month APMIU has a been trading in a tight range between 10.14 and 10.31.
- Considerably lower volume is observed in the last couple of days.
APMIU Weekly and Daily overview Charts
APMIU Setup Rating and Analysis
Besides having an excellent technical rating, APMIU also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.30, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
APMIU Support and Resistance Analysis
9.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.13 to 10.30. 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 9.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.62 to 9.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.32 to 10.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.75 from a horizontal line in the daily time frame.
APMIU 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 | UP | POSITIVE | The long term trend for APMIU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for APMIU is up. |
| ChartMill Relative Strength | 63.6 | NEUTRAL | APMIU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of APMIU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of APMIU is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 58.5 | NEUTRAL | The RSI value for APMIU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests APMIU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96 | OVERBOUGHT | The high Stochastics value suggests APMIU may be overbought. |
| Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for APMIU suggests low volalility. |
| Average Directional Index/ADX (14) | 52.18 | POSITIVE | The high ADX value value for APMIU suggests a strong trend. |
APMIU Chart- and CandleStick Pattern Analysis
APMIU Example Setup
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 |
|---|---|---|---|
| 10.35 | 10.27 | 0.08 (0.77%) | 25.00% |
| An entry @10.35. This is a Buy Stop order right above the resistance zone. | An exit @10.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.77%. | For a 0.19% total portfolio risk, you can invest 25.00% 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.
APMIU Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:APMIU (8/14/2023, 3:59:09 PM)
10.31
0 (0%)
AXON INFRASTRUCTURE ACQUISI / APMIU TA FAQ
What is the technical rating for APMIU stock?
ChartMill assigns a technical rating of 7 / 10 to APMIU.
What is the trend direction for APMIU stock?
The current trend direction for AXON INFRASTRUCTURE ACQUISI (APMIU) is Bullish.
Can you provide the RSI signal for AXON INFRASTRUCTURE ACQUISI?
AXON INFRASTRUCTURE ACQUISI (APMIU) has an RSI value of 58.5023. This indicates that the stock is currently neutral.
What is the short term momentum for AXON INFRASTRUCTURE ACQUISI (APMIU) stock?
The short term momentum for AXON INFRASTRUCTURE ACQUISI (APMIU) is positive.
Can you provide the buy/sell signal for AXON INFRASTRUCTURE ACQUISI?
The buy/sell signal for AXON INFRASTRUCTURE ACQUISI (APMIU) is buy as both the short term and long term trends are positive.