ALPHAVEST ACQUISITION CORP (ATMV) Stock Technical Analysis
USA - NASDAQ:ATMV - KYG0283A1085 - Common Stock
22.2 USD
+7.09 (+46.92%)
18.5 USD
-3.7 (-16.67%)
We assign a technical rating of 8 out of 10 to ATMV. ATMV has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
A new 52 week high is currently being made by ATMV, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ATMV has a been trading in the 11.00 - 42.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, ATMV did better than 95% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ATMV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.27
22.42
3 important support areas can be observed.
- Support @12.03 from a trend line in the daily time frame.
- Support @11.65 from a trend line in the daily time frame.
- Support @11.38 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ATMV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ATMV is up. |
| ChartMill Relative Strength | 95.81 | POSITIVE | ATMV has a high relative strength, it outperformed 95.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ATMV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ATMV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ATMV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.49 | OVERBOUGHT | The high RSI value suggests ATMV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests ATMV has a positive trend. |
| Stochastics (14,3) | 30.91 | NEUTRAL | The Stochastics value for ATMV is a neutral value. |
| Average True Range in percent/ATR (20) | 14.33 | HIGH VOLATILITY | The high ATR as a percentage value for ATMV suggests high volalility. |
| Average Directional Index/ADX (14) | 56.01 | POSITIVE | The high ADX value value for ATMV suggests a strong trend. |
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)
22.2
+7.09 (+46.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg46.92%
1 Week54.81%
2 Weeks82.72%
1 Month85.15%
3 Month91.54%
6 Month98.21%
12 Month104.61%
2 Year109.97%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.53
ATR(20)%14.33%
ATR Inc515.82%
Range Today23.57
ADR(20)2.81
ADR(20)%12.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.81
Mansfield6.33
10 Day High42
10 Day Low11
20 Day High42
20 Day Low11
52 Week High42
52 Week Low10.82
CS1 End12.03
CR1 StartN/A
Volume & EV
DER(3)-5.45%
DER(5)-9.99%
Volume1.12M
Volume Incr753.64%
Vol(5)229.16K
Vol(50)42.97K