BLACK SPADE ACQUISITION CO-A (BSAQ) Technical Analysis
NYSEARCA:BSAQ • KYG115371000
Current stock price
BSAQ Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to BSAQ. BSAQ has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- BSAQ is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so BSAQ is lagging the market.
- In the last month BSAQ has a been trading in the 9.11 - 22.80 range, which is quite wide. It is currently trading near the lows of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, BSAQ turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- Volume is considerably higher in the last couple of days.
BSAQ Weekly and Daily overview Charts
BSAQ Setup Rating and Analysis
BSAQ has an average technical rating and it also does not offer a high quality setup 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
BSAQ Support and Resistance Analysis
9.50
We found 2 important support areas.
- A support zone ranging from 10.16 to 10.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @9.60 from a horizontal line in the weekly time frame.
BSAQ 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BSAQ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BSAQ is neutral. |
| ChartMill Relative Strength | 68.06 | NEUTRAL | BSAQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BSAQ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BSAQ is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSAQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.15 | NEUTRAL | The RSI value for BSAQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests BSAQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.44 | NEUTRAL | The Stochastics value for BSAQ is a neutral value. |
| Average True Range in percent/ATR (20) | 14.94 | HIGH VOLATILITY | The high ATR as a percentage value for BSAQ suggests high volalility. |
| Average Directional Index/ADX (14) | 48.95 | POSITIVE | The high ADX value value for BSAQ suggests a strong trend. |
BSAQ Chart- and CandleStick Pattern Analysis
BSAQ Technicals: Chart, Performance Metrics, Trend & Indicators
10.45
-4.37 (-29.49%)
BLACK SPADE ACQUISITION CO-A / BSAQ TA FAQ
What is the ChartMill technical rating of BLACK SPADE ACQUISITION CO-A (BSAQ) stock?
ChartMill assigns a technical rating of 5 / 10 to BSAQ.
What is the trend direction for BSAQ stock?
The current trend direction for BLACK SPADE ACQUISITION CO-A (BSAQ) is Bearish.
Can you provide the RSI signal for BLACK SPADE ACQUISITION CO-A?
BLACK SPADE ACQUISITION CO-A (BSAQ) has an RSI value of 47.1495. This indicates that the stock is currently neutral.
What is the MACD signal for BSAQ stock?
The MACD indicator for BLACK SPADE ACQUISITION CO-A (BSAQ) has a value of 0.252832, indicating a bearish trend.
Can you provide the support and resistance levels for BLACK SPADE ACQUISITION CO-A?
BLACK SPADE ACQUISITION CO-A (BSAQ) has a support level at 10.3. Check the full technical report for our detailed analysis of BSAQ support and resistance levels.