BLUE WATER ACQUISITION III (BLUWU) Stock Technical Analysis
NASDAQ:BLUWU - Nasdaq - KYG1368E1228 - Currency: USD
Taking everything into account, BLUWU scores 3 out of 10 in our technical rating. BLUWU performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, BLUWU does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 10.02, a Stop Loss order could be placed below this zone.
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9.89
When analyzing the support we notice one important area.
- A support zone ranging from 9.99 to 10.02. 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 10.03 to 10.07. This zone is formed by a combination of multiple trend lines and important moving averages 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 BLUWU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLUWU is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BLUWU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLUWU is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 48.94 | NEUTRAL | The RSI value for BLUWU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests BLUWU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.9 | NEUTRAL | The Stochastics value for BLUWU is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for BLUWU suggests low volalility. |
| Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for BLUWU suggests a weak or negative trend. |
NASDAQ:BLUWU (8/6/2025, 8:10:44 PM)
10.03
-0.02 (-0.2%)