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.
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
8.12
We found 4 important support areas.
- 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.
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. |
12.5
+3.8 (+43.68%)
BITE ACQUISITION CORP / BITE 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.
What is the RSI signal for BITE stock?
BITE ACQUISITION CORP (BITE) has an RSI value of 64.9095. This indicates that the stock is currently neutral.
What is the short term momentum for BITE ACQUISITION CORP (BITE) stock?
The short term momentum for BITE ACQUISITION CORP (BITE) is neutral.
Can you provide the support and resistance levels for BITE ACQUISITION CORP?
BITE ACQUISITION CORP (BITE) has a support level at 10.75. Check the full technical report for our detailed analysis of BITE support and resistance levels.