ATHENA TECHNOLOGY ACQUISIT-A (ATEK)
US04687C1053 - Common Stock
Taking everything into account, ATEK scores 6 out of 10 in our technical rating. Although ATEK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
In the last month ATEK has a been trading in the 11.00 - 11.85 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: ATEK has an average volume of 18258 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the performance of all stocks over the past year, ATEK turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
ATEK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ATEK is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
ATEK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.24, a Stop Loss order could be placed below this zone.
More info and screens
10.58
11.67
We found 2 important support areas.
- A support zone ranging from 10.99 to 11.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.69 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @11.36 from a horizontal line in the weekly time frame.
- Resistance @11.55 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.82
Mansfield-0.7
10 Day High11.33
10 Day Low11
20 Day High11.85
20 Day Low11
52 Week High11.85
52 Week Low10.24
Performance
1 Week2.35%
2 Weeks-0.7%
1 Month0.18%
3 Month2.07%
6 Month3.38%
12 Month10.55%
2 Year14.57%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)55.45
LBB10.95
UBB11.53
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 |
|---|---|---|---|
| 11.37 | 10.99 | 0.38 (3.34%) | 25.00% |
| An entry @11.37. This is a Buy Stop order right above the resistance zone. | An exit @10.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.38 points, which is 3.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The distance between exit and entry is rather small compared to the average daily movement of ATEK. Please evaluate whether better entry and exit points can be found.
- 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.
ATHENA TECHNOLOGY ACQUISIT-A
NYSEARCA:ATEK (4/17/2024, 7:04:01 PM)
11.32
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week2.35%
2 Weeks-0.7%
1 Month0.18%
3 Month2.07%
6 Month3.38%
12 Month10.55%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.27
ATR(20)%2.15%
ATR Inc
Range Today0.21
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High11.33
10 Day Low11
20 Day High11.85
20 Day Low11
52 Week High11.85
52 Week Low10.24
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.40K
Volume Incr-70.4%
Vol(5)1.28K
Vol(50)18.26K