Logo image of BLUA

BLUERIVER ACQUISITION CORP-A (BLUA) Stock Technical Analysis

NYSEARCA:BLUA - NYSE Arca - KYG1261Q1073 - Common Stock - Currency: USD

11.1  -0.03 (-0.27%)

Technical Rating and Analysis

6

Overall BLUA gets a technical rating of 6 out of 10. Although BLUA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: BLUA has an average volume of 18620 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When compared to the yearly performance of all other stocks, BLUA outperforms 54% of them, which is more or less in line with the market.
BLUA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLUA is lagging the market.
In the last month BLUA has a been trading in a tight range between 10.65 and 11.18.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
BLUERIVER ACQUISITION CORP-A / BLUA Weekly stock chart
BLUERIVER ACQUISITION CORP-A / BLUA Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, BLUA does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.10, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

9.60

11.30

We found 3 important support areas.

  • A support zone ranging from 10.75 to 11.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 10.33 to 10.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 9.70 to 9.72. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 11.15 to 11.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for BLUA is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for BLUA is neutral.
ChartMill Relative Strength54.21NEUTRALBLUA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of BLUA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of BLUA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of BLUA is above the rising SMA(200).
Relative Strength Index/RSI (14)55.55NEUTRALThe RSI value for BLUA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests BLUA has a negative trend.
Stochastics (14,3)84.28OVERBOUGHTThe high Stochastics value suggests BLUA may be overbought.
Average True Range in percent/ATR (20)0.63LOW VOLATILITYThe low ATR as a percentage value for BLUA suggests low volalility.
Average Directional Index/ADX (14)31.18POSITIVEThe high ADX value value for BLUA suggests a strong trend.
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)
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.

ENTRYEXITDISTANCECAPITAL
11.2010.640.56 (5.00%)20.00%
An entry @11.20. This is a Buy Stop order right above the resistance zone.An exit @10.64. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.56 points, which is 5.00%.When investing 20.00% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
BLUERIVER ACQUISITION CORP-A / BLUA Daily stock chart

BLUERIVER ACQUISITION CORP-A

NYSEARCA:BLUA (7/8/2024, 8:20:09 PM)

11.1

-0.03 (-0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.27%
1 Week-0.09%
2 Weeks0%
1 Month0.82%
3 Month1.83%
6 Month4.62%
12 Month9.36%
2 Year12.46%
3 Year14.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.63%
ATR Inc14.81%
Range Today0.11
ADR(20)0.04
ADR(20)%0.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.21
Mansfield-1.27
10 Day High11.14
10 Day Low10.65
20 Day High11.18
20 Day Low10.65
52 Week High12
52 Week Low10.15
CS1 End11.1
CR1 Start11.15
Volume & EV
DER(3)-0.51%
DER(5)-0.3%
Volume16.40K
Volume Incr-53.68%
Vol(5)6.54K
Vol(50)18.62K