AEQUI ACQUISITION CORP-CL A (ARBG) Technical Analysis
NASDAQ:ARBG • US00775W1027
Overall ARBG gets a technical rating of 5 out of 10. In the last year, ARBG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- ARBG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ARBG has a been trading in the 10.11 - 11.51 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Warning: ARBG has an average volume of 3130 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the performance of all stocks over the past year, ARBG turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
Although the technical rating is only medium, ARBG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
9.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.11 to 10.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.67 to 9.86. 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 10.31 to 10.37. 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 | UP | POSITIVE | The long term trend for ARBG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARBG is down. |
| ChartMill Relative Strength | 57.99 | NEUTRAL | ARBG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ARBG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ARBG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ARBG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.19 | NEUTRAL | The RSI value for ARBG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ARBG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.55 | OVERSOLD | The low Stochastics value suggests ARBG may be oversold. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for ARBG suggests low volalility. |
| Average Directional Index/ADX (14) | 27.92 | POSITIVE | The high ADX value value for ARBG suggests a strong trend. |
ARBG Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:ARBG (8/3/2023, 8:25:03 PM)
10.24
-0.01 (-0.1%)
AEQUI ACQUISITION CORP-CL A / ARBG FAQ
What is the technical rating for ARBG stock?
ChartMill assigns a technical rating of 5 / 10 to ARBG.
What is the trend direction for ARBG stock?
The current trend direction for AEQUI ACQUISITION CORP-CL A (ARBG) is Bullish.
What is the RSI signal for AEQUI ACQUISITION CORP-CL A (ARBG) stock?
AEQUI ACQUISITION CORP-CL A (ARBG) has an RSI value of 49.1936. This indicates that the stock is currently neutral.
What is the buy/sell signal for ARBG stock?
The buy/sell signal for AEQUI ACQUISITION CORP-CL A (ARBG) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for AEQUI ACQUISITION CORP-CL A (ARBG) stock?
AEQUI ACQUISITION CORP-CL A (ARBG) has a support level at 10.17 and a resistance level at 10.31. Check the full technical report for our detailed analysis of ARBG support and resistance levels.