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BLACK SPADE ACQUISITION CO-A (BSAQ) Stock Technical Analysis

USA - NYSEARCA:BSAQ - KYG115371000 - Common Stock

10.45 USD
-4.37 (-29.49%)
Last: 8/14/2023, 8:04:01 PM
11.23 USD
+0.78 (+7.46%)
After Hours: 8/14/2023, 8:04:01 PM
Technical Rating and Analysis

5

Taking everything into account, BSAQ scores 5 out of 10 in our technical rating. In the past year, BSAQ was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

BSAQ is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
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.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, BSAQ outperforms 68% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
BLACK SPADE ACQUISITION CO-A / BSAQ Weekly stock chart
BLACK SPADE ACQUISITION CO-A / BSAQ Daily stock chart
Setup Rating and Analysis

3

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.

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Support and Resistance Analysis

9.50

10.55

2 important support areas can be observed.

  • 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.

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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 IndicatorNEUTRALNEUTRALThe long term trend for BSAQ is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for BSAQ is neutral.
ChartMill Relative Strength68.06NEUTRALBSAQ is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of BSAQ is below the rising SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of BSAQ is below the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of BSAQ is above the rising SMA(200).
Relative Strength Index/RSI (14)47.15NEUTRALThe RSI value for BSAQ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.25POSITIVEThe MACD value suggests BSAQ has a positive trend, although the MACD value is declining.
Stochastics (14,3)37.44NEUTRALThe Stochastics value for BSAQ is a neutral value.
Average True Range in percent/ATR (20)14.94HIGH VOLATILITYThe high ATR as a percentage value for BSAQ suggests high volalility.
Average Directional Index/ADX (14)48.95POSITIVEThe high ADX value value for BSAQ 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)

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BLACK SPADE ACQUISITION CO-A / BSAQ Daily stock chart

BLACK SPADE ACQUISITION CO-A

NYSEARCA:BSAQ (8/14/2023, 8:04:01 PM)

After market: 11.23 +0.78 (+7.46%)

10.45

-4.37 (-29.49%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-29.49%
1 Week-0.67%
2 Weeks-14.27%
1 Month1.65%
3 Month1.36%
6 Month2.96%
12 Month7.29%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.21
ATR(20)%14.94%
ATR Inc250.03%
Range Today2.65
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.06
3 months CRSN/A
6 months CRSN/A
Mansfield-0.72
10 Day High22.8
10 Day Low9.11
20 Day High22.8
20 Day Low9.11
52 Week High22.8
52 Week Low9.11
CS1 End10.3
CR1 StartN/A
Volume & EV
DER(3)-2.82%
DER(5)5.34%
Volume482.20K
Volume Incr1912.91%
Vol(5)1.22M
Vol(50)215.07K

BLACK SPADE ACQUISITION CO-A / BSAQ 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 current trend direction of BLACK SPADE ACQUISITION CO-A (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.


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.