We assign a technical rating of 6 out of 10 to ASPC. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ASPC is a bad performer.
Although the technical rating is only medium, ASPC does present a nice setup opportunity. 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 ASPC 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.
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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 ASPC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASPC is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ASPC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASPC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASPC is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 60.72 | NEUTRAL | The RSI value for ASPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests ASPC has a positive trend. |
| Stochastics (14,3) | 3.33 | OVERSOLD | The low Stochastics value suggests ASPC may be oversold. |
| Average True Range in percent/ATR (20) | 26.88 | HIGH VOLATILITY | The high ATR as a percentage value for ASPC suggests high volalility. |
| Average Directional Index/ADX (14) | 50.19 | POSITIVE | The high ADX value value for ASPC suggests a strong trend. |
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 |
|---|---|---|---|
| 63.99 | 10.29 | 53.70 (83.92%) | 1.19% |
| An entry @63.99. This is a Buy Stop order right above the 10 day high. | An exit @10.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 53.70 points, which is 83.92%. | For a 1.00% total portfolio risk, you can invest 1.19% 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.
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+1.81 (+15.08%)
A SPAC III ACQUISITION-CL A / ASPC FAQ
What is the technical rating for ASPC stock?
ChartMill assigns a technical rating of 6 / 10 to ASPC.
What is the current trend direction of A SPAC III ACQUISITION-CL A (ASPC) stock?
The current trend direction for A SPAC III ACQUISITION-CL A (ASPC) is Bullish.
What is the RSI signal for A SPAC III ACQUISITION-CL A (ASPC) stock?
A SPAC III ACQUISITION-CL A (ASPC) has an RSI value of 60.7161. This indicates that the stock is currently neutral.
What is the MACD signal for A SPAC III ACQUISITION-CL A (ASPC) stock?
The MACD indicator for A SPAC III ACQUISITION-CL A (ASPC) has a value of 0.102539, indicating a bearish trend.
What is the short term momentum for A SPAC III ACQUISITION-CL A (ASPC) stock?
The short term momentum for A SPAC III ACQUISITION-CL A (ASPC) is neutral.