INFLECTION POINT ACQUISITION (BACQR) Technical Analysis
NASDAQ:BACQR
Current stock price
BACQR Technical Rating and Analysis
Overall BACQR gets a technical rating of 6 out of 10. In the last year, BACQR was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- 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.
- Looking at the yearly performance, BACQR did better than 98% of all other stocks. We also observe that the gains produced by BACQR over the past year are nicely spread over this period.
- BACQR 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 BACQR is lagging the market slightly.
- In the last month BACQR has a been trading in the 0.70 - 0.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
BACQR Weekly and Daily overview Charts
BACQR Setup Rating and Analysis
BACQR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.73, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
BACQR Support and Resistance Analysis
0.71
We found 1 important support area.
- A support zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.77 to 0.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.81 to 0.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 0.84 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
BACQR 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 BACQR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BACQR is neutral. |
| ChartMill Relative Strength | 98.57 | POSITIVE | BACQR has a high relative strength, it outperformed 98.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BACQR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BACQR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BACQR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.5 | NEUTRAL | The RSI value for BACQR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BACQR has a negative trend. |
| Stochastics (14,3) | 36.75 | NEUTRAL | The Stochastics value for BACQR is a neutral value. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for BACQR suggests high volalility. |
| Average Directional Index/ADX (14) | 11.14 | NEGATIVE | The low ADX value for BACQR suggests a weak or negative trend. |
BACQR Chart- and CandleStick Pattern Analysis
BACQR 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 |
|---|---|---|---|
| 0.79 | 0.71 | 0.08 (10.13%) | 9.87% |
| An entry @0.79. This is a Buy Stop order right above the resistance zone. | An exit @0.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.08 points, which is 10.13%. | When investing 9.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BACQR. 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.
BACQR Technicals: Chart, Performance Metrics, Trend & Indicators
0.7375
-0.06 (-7.71%)
INFLECTION POINT ACQUISITION / BACQR TA FAQ
What is the technical rating for BACQR stock?
ChartMill assigns a technical rating of 6 / 10 to BACQR.
What is the current trend direction of INFLECTION POINT ACQUISITION (BACQR) stock?
The current trend direction for INFLECTION POINT ACQUISITION (BACQR) is Bullish.
What is the RSI signal for INFLECTION POINT ACQUISITION (BACQR) stock?
INFLECTION POINT ACQUISITION (BACQR) has an RSI value of 44.4999. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INFLECTION POINT ACQUISITION?
The short term momentum for INFLECTION POINT ACQUISITION (BACQR) is neutral.
What are the support and resistance levels for INFLECTION POINT ACQUISITION (BACQR) stock?
INFLECTION POINT ACQUISITION (BACQR) has a support level at 0.73 and a resistance level at 0.77. Check the full technical report for our detailed analysis of BACQR support and resistance levels.