BENESSERE CAPITAL ACQUI-CL A (BENE) Technical Analysis
NASDAQ:BENE • US08179B1035
Current stock price
BENE Technical Rating and Analysis
Overall BENE gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BENE is showing a nice and steady performance.
- BENE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BENE is lagging the market.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BENE did better than 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month BENE has a been trading in a tight range between 10.36 and 10.46.
- Volume is considerably higher in the last couple of days.
BENE Weekly and Daily overview Charts
BENE Setup Rating and Analysis
Besides having an excellent technical rating, BENE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.43, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
BENE Support and Resistance Analysis
9.83
We found 2 important support areas.
- A support zone ranging from 10.10 to 10.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.93 to 9.93. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.45 to 10.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
BENE 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 BENE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BENE is up. |
| ChartMill Relative Strength | 81.63 | POSITIVE | BENE has a high relative strength, it outperformed 81.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BENE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BENE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BENE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.64 | OVERBOUGHT | The high RSI value suggests BENE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BENE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.19 | OVERBOUGHT | The high Stochastics value suggests BENE may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for BENE suggests low volalility. |
| Average Directional Index/ADX (14) | 45.62 | POSITIVE | The high ADX value value for BENE suggests a strong trend. |
BENE Chart- and CandleStick Pattern Analysis
BENE 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 |
|---|---|---|---|
| 10.46 | 10.39 | 0.07 (0.67%) | 25.00% |
| An entry @10.46. This is a Buy Stop order right above the resistance zone. | An exit @10.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.67%. | For a 0.17% 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.
BENE Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:BENE (10/31/2022, 8:06:38 PM)
10.44
0 (0%)
BENESSERE CAPITAL ACQUI-CL A / BENE TA FAQ
Can you provide the ChartMill technical rating for BENESSERE CAPITAL ACQUI-CL A?
ChartMill assigns a technical rating of 7 / 10 to BENE.
What is the current trend direction of BENESSERE CAPITAL ACQUI-CL A (BENE) stock?
The current trend direction for BENESSERE CAPITAL ACQUI-CL A (BENE) is Bullish.
What is the RSI signal for BENESSERE CAPITAL ACQUI-CL A (BENE) stock?
BENESSERE CAPITAL ACQUI-CL A (BENE) has an RSI value of 83.6445. This indicates that the stock is currently overbought.
What is the buy/sell signal for BENESSERE CAPITAL ACQUI-CL A (BENE) stock?
The buy/sell signal for BENESSERE CAPITAL ACQUI-CL A (BENE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for BENESSERE CAPITAL ACQUI-CL A?
BENESSERE CAPITAL ACQUI-CL A (BENE) has a support level at 10.43 and a resistance level at 10.45. Check the full technical report for our detailed analysis of BENE support and resistance levels.