BLUERIVER ACQUISITION CORP-A (BLUA) Stock Technical Analysis
NYSEARCA:BLUA - NYSE Arca - KYG1261Q1073 - Common Stock - Currency: USD
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.
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.
More info and screens
9.60
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.
When analyzing the resistance we notice one important 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.
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 BLUA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLUA is neutral. |
| ChartMill Relative Strength | 54.21 | NEUTRAL | BLUA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLUA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLUA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLUA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.55 | NEUTRAL | The RSI value for BLUA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BLUA has a negative trend. |
| Stochastics (14,3) | 84.28 | OVERBOUGHT | The high Stochastics value suggests BLUA may be overbought. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for BLUA suggests low volalility. |
| Average Directional Index/ADX (14) | 31.18 | POSITIVE | The high ADX value value for BLUA suggests a strong trend. |
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 |
|---|---|---|---|
| 11.20 | 10.64 | 0.56 (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 trade has a worst case loss of 0.56 points, which is 5.00%. | For a 1.00% total portfolio risk, you can invest 20.00% 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.
NYSEARCA:BLUA (7/8/2024, 8:20:09 PM)
11.1
-0.03 (-0.27%)