Black Mountain Acquisition Corp (BMAC) Stock Technical Analysis
NYSE:BMAC - New York Stock Exchange, Inc. - US09216A1088 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to BMAC. BMAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
BMAC has a poor technical rating and the quality of the setup is also only medium 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
10.40
We found 1 important support area.
- A support zone ranging from 10.50 to 10.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.60 to 10.76. 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 | NEUTRAL | NEUTRAL | The long term trend for BMAC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BMAC is down. |
| ChartMill Relative Strength | 47.2 | NEUTRAL | BMAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BMAC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BMAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BMAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.13 | NEUTRAL | The RSI value for BMAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BMAC has a positive trend. |
| Stochastics (14,3) | 47.37 | NEUTRAL | The Stochastics value for BMAC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.39 | LOW VOLATILITY | The low ATR as a percentage value for BMAC suggests low volalility. |
| Average Directional Index/ADX (14) | 21.81 | NEUTRAL | The ADX value for BMAC suggests a possible start of a new trend. |
Black Mountain Acquisition Corp
NYSE:BMAC (12/7/2023, 8:04:01 PM)
10.6
0 (0%)