BRIGHT LIGHTS ACQUISITION C (BLTSU) Stock Technical Analysis
NASDAQ:BLTSU - US10920K2006
10.03 USD
-0.01 (-0.1%)
Overall BLTSU gets a technical rating of 6 out of 10. In the last year, BLTSU was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Warning: BLTSU has an average volume of 2944 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BLTSU is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
BLTSU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLTSU is lagging the market.
In the last month BLTSU has a been trading in a tight range between 9.91 and 10.05.
Considerably lower volume is observed in the last couple of days.
BLTSU has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.74
10.52
We found 1 important support area.
- A support zone ranging from 9.84 to 10.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.03 to 10.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.40 to 10.42. 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 BLTSU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLTSU is up. |
| ChartMill Relative Strength | 72.96 | POSITIVE | BLTSU has a high relative strength, it outperformed 72.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLTSU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLTSU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLTSU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.14 | NEUTRAL | The RSI value for BLTSU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BLTSU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.71 | OVERBOUGHT | The high Stochastics value suggests BLTSU may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for BLTSU suggests low volalility. |
| Average Directional Index/ADX (14) | 12.43 | NEGATIVE | The low ADX value for BLTSU suggests a weak or negative trend. |
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)
NASDAQ:BLTSU (12/12/2022, 3:55:28 PM)
10.03
-0.01 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.1%
1 Week-0.2%
2 Weeks0.1%
1 Month1.11%
3 Month1.62%
6 Month-1.18%
12 Month-0.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.17%
ATR Inc-39.84%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.96
Mansfield0.52
10 Day High10.05
10 Day Low9.98
20 Day High10.05
20 Day Low9.91
52 Week High10.8
52 Week Low9.06
CS1 End10.01
CR1 Start10.03
Volume & EV
DER(3)0%
DER(5)0%
Volume300
Volume Incr-79.2%
Vol(5)1.22K
Vol(50)2.94K