We assign a technical rating of 8 out of 10 to BAYA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BAYA is only an average performer.
BAYA has an excellent technical rating and also presents 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 11.63, a Stop Loss order could be placed below this zone.
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10.51
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.31 to 11.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.11 from a horizontal line in the weekly time frame.
- Strong support @10.89 from a horizontal line in the daily time frame.
- Support @10.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.71 to 11.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BAYA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAYA is up. |
| ChartMill Relative Strength | 66.64 | NEUTRAL | BAYA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAYA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAYA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAYA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.87 | NEUTRAL | The RSI value for BAYA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BAYA has a positive trend. |
| Stochastics (14,3) | 44.78 | NEUTRAL | The Stochastics value for BAYA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for BAYA suggests low volalility. |
| Average Directional Index/ADX (14) | 41.77 | POSITIVE | The high ADX value value for BAYA 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 |
|---|---|---|---|
| 11.72 | 11.40 | 0.32 (2.73%) | 25.00% |
| An entry @11.72. This is a Buy Stop order right above the resistance zone. | An exit @11.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.32 points, which is 2.73%. | For a 0.68% total portfolio risk, you can invest 25.00% 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.
11.7
+0.09 (+0.78%)
BAYVIEW ACQUISITION CORP-A / BAYA FAQ
What is the technical rating for BAYA stock?
ChartMill assigns a technical rating of 8 / 10 to BAYA.
Can you provide the trend direction for BAYVIEW ACQUISITION CORP-A?
The current trend direction for BAYVIEW ACQUISITION CORP-A (BAYA) is Bullish.
Can you provide the RSI signal for BAYVIEW ACQUISITION CORP-A?
BAYVIEW ACQUISITION CORP-A (BAYA) has an RSI value of 61.8711. This indicates that the stock is currently neutral.
What is the MACD signal for BAYA stock?
The MACD indicator for BAYVIEW ACQUISITION CORP-A (BAYA) has a value of 0.00694078, indicating a bearish trend.
Can you provide the support and resistance levels for BAYVIEW ACQUISITION CORP-A?
BAYVIEW ACQUISITION CORP-A (BAYA) has a support level at 11.63 and a resistance level at 11.71. Check the full technical report for our detailed analysis of BAYA support and resistance levels.