BITE ACQUISITION CORP (BITE) Technical Analysis
NYSEARCA:BITE • US09175K1051
Current stock price
12.5 USD
+3.8 (+43.68%)
At close:
14.75 USD
+2.25 (+18%)
After Hours:
BITE Technical Rating and Analysis
Overall BITE gets a technical rating of 7 out of 10. BITE 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Warning: BITE has an average volume of 15516 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the yearly performance of all stocks, we notice that BITE is one of the better performing stocks in the market, outperforming 86% of all stocks.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- BITE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BITE is lagging the market.
- In the last month BITE has a been trading in the 7.70 - 13.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BITE Weekly and Daily overview Charts
BITE Setup Rating and Analysis
Although BITE has an excellent technical rating, it does not offer a high quality setup 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
BITE Support and Resistance Analysis
8.12
12.63
4 important support areas can be observed.
- A support zone ranging from 10.75 to 10.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.40 to 9.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.38 from a horizontal line in the daily time frame.
- Support @8.20 from a horizontal line in the daily time frame.
BITE 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 | NEUTRAL | NEUTRAL | The long term trend for BITE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BITE is neutral. |
| ChartMill Relative Strength | 86.1 | POSITIVE | BITE has a high relative strength, it outperformed 86.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BITE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BITE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BITE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.91 | NEUTRAL | The RSI value for BITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests BITE has a positive trend. |
| Stochastics (14,3) | 44.78 | NEUTRAL | The Stochastics value for BITE is a neutral value. |
| Average True Range in percent/ATR (20) | 12.77 | HIGH VOLATILITY | The high ATR as a percentage value for BITE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.49 | NEUTRAL | The ADX value for BITE suggests a possible start of a new trend. |
BITE Chart- and CandleStick Pattern Analysis
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)
BITE Technicals: Chart, Performance Metrics, Trend & Indicators
12.5
+3.8 (+43.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg43.68%
1 Week34.41%
2 Weeks34.41%
1 Month35.87%
3 Month16.55%
6 Month18.04%
12 Month21.24%
2 Year27.42%
3 Year29.27%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.37
ATR(20)%12.77%
ATR Inc64.69%
Range Today3.02
ADR(20)1.47
ADR(20)%11.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.1
3 months CRSN/A
6 months CRSN/A
Mansfield0.51
10 Day High12.5
10 Day Low8.22
20 Day High13.5
20 Day Low7.7
52 Week High13.5
52 Week Low6.5
CS1 End10.75
CR1 StartN/A
Volume & EV
DER(3)-0.44%
DER(5)-4.6%
Volume19.70K
Volume Incr-54.58%
Vol(5)5.68K
Vol(50)15.52K
BITE ACQUISITION CORP / BITE TA FAQ
Can you provide the ChartMill technical rating for BITE ACQUISITION CORP?
ChartMill assigns a technical rating of 7 / 10 to BITE.
What is the current trend direction of BITE ACQUISITION CORP (BITE) stock?
The current trend direction for BITE ACQUISITION CORP (BITE) is Bearish.
Can you provide the RSI signal for BITE ACQUISITION CORP?
BITE ACQUISITION CORP (BITE) has an RSI value of 64.9095. This indicates that the stock is currently neutral.
What is the MACD signal for BITE stock?
The MACD indicator for BITE ACQUISITION CORP (BITE) has a value of 0.162163, indicating a bearish trend.