ATLANTIC AVENUE ACQUISI-CL A (ASAQ) Technical Analysis
NYSE:ASAQ • US04906P1012
Current stock price
ASAQ Technical Rating and Analysis
Overall ASAQ gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ASAQ is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ASAQ did better than 86% of all other stocks. On top of that, ASAQ also shows a nice and consistent pattern of rising prices.
- ASAQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASAQ is lagging the market.
- In the last month ASAQ has a been trading in a tight range between 9.99 and 10.51.
ASAQ Weekly and Daily overview Charts
ASAQ Setup Rating and Analysis
Besides having an excellent technical rating, ASAQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.02, 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
ASAQ Support and Resistance Analysis
9.56
We found 1 important support area.
- A support zone ranging from 9.66 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.03 to 10.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ASAQ 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 ASAQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASAQ is up. |
| ChartMill Relative Strength | 86.83 | POSITIVE | ASAQ has a high relative strength, it outperformed 86.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASAQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASAQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASAQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.68 | NEUTRAL | The RSI value for ASAQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ASAQ has a negative trend. |
| Stochastics (14,3) | 5.85 | OVERSOLD | The low Stochastics value suggests ASAQ may be oversold. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for ASAQ suggests low volalility. |
| Average Directional Index/ADX (14) | 54.53 | POSITIVE | The high ADX value value for ASAQ suggests a strong trend. |
ASAQ Chart- and CandleStick Pattern Analysis
ASAQ 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 |
|---|---|---|---|
| 10.08 | 9.99 | 0.09 (0.89%) | 25.00% |
| An entry @10.08. This is a Buy Stop order right above the resistance zone. | An exit @9.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.89%. | For a 0.22% 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.
ASAQ Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:ASAQ (10/5/2022, 8:19:40 PM)
10.03
0 (0%)
ATLANTIC AVENUE ACQUISI-CL A / ASAQ TA FAQ
Can you provide the ChartMill technical rating for ATLANTIC AVENUE ACQUISI-CL A?
ChartMill assigns a technical rating of 9 / 10 to ASAQ.
Can you provide the trend direction for ATLANTIC AVENUE ACQUISI-CL A?
The current trend direction for ATLANTIC AVENUE ACQUISI-CL A (ASAQ) is Bullish.
What is the RSI signal for ASAQ stock?
ATLANTIC AVENUE ACQUISI-CL A (ASAQ) has an RSI value of 58.6766. This indicates that the stock is currently neutral.
What is the MACD signal for ATLANTIC AVENUE ACQUISI-CL A (ASAQ) stock?
The MACD indicator for ATLANTIC AVENUE ACQUISI-CL A (ASAQ) has a value of -0.000948755, indicating a bearish trend.
Can you provide the short term momentum for ATLANTIC AVENUE ACQUISI-CL A?
The short term momentum for ATLANTIC AVENUE ACQUISI-CL A (ASAQ) is positive.