ALPHAVEST ACQUISITION CORP (ATMV) Stock Technical Analysis
USA - NASDAQ:ATMV - KYG0283A1085 - Common Stock
10.445 USD
+0.43 (+4.24%)
10.69 USD
+0.24 (+2.35%)
We assign a technical rating of 0 out of 10 to ATMV. ATMV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, ATMV is a bad performer in the overall market: 76% of all stocks are doing better.
ATMV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ATMV has a been trading in the 9.99 - 42.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Considerably lower volume is observed in the last couple of days.
ATMV has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.34
10.55
When analyzing the support we notice one important area.
- Support @10.44 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for ATMV is down. |
| ChartMill Relative Strength | 24.36 | NEGATIVE | ATMV has a low relative strength, it was outperformed by 75.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ATMV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ATMV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ATMV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.14 | NEUTRAL | The RSI value for ATMV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests ATMV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.78 | OVERSOLD | The low Stochastics value suggests ATMV may be oversold. |
| Average True Range in percent/ATR (20) | 32.74 | HIGH VOLATILITY | The high ATR as a percentage value for ATMV suggests high volalility. |
| Average Directional Index/ADX (14) | 51.39 | 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)
10.445
+0.43 (+4.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.24%
1 Week-14.53%
2 Weeks-22.63%
1 Month-27.16%
3 Month-10.5%
6 Month-6.99%
12 Month-4.26%
2 Year-1.65%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.91
ATR(20)%32.74%
ATR Inc-90.19%
Range Today0.44
ADR(20)3.07
ADR(20)%29.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.36
Mansfield-2.12
10 Day High14.58
10 Day Low9.99
20 Day High42
20 Day Low9.99
52 Week High42
52 Week Low9.99
CS1 End10.44
CR1 StartN/A
Volume & EV
DER(3)-6.26%
DER(5)-7.94%
Volume2.10K
Volume Incr-91.66%
Vol(5)5.68K
Vol(50)38.15K