BLUE WORLD ACQUISITION CORP (BWAQ) Technical Analysis
NASDAQ:BWAQ • KYG1263E1026
Current stock price
BWAQ Technical Rating and Analysis
Taking everything into account, BWAQ scores 0 out of 10 in our technical rating. BWAQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BWAQ is a bad performer in the overall market: 98% of all stocks are doing better.
- BWAQ 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 BWAQ is lagging the market.
- In the last month BWAQ has a been trading in the 4.00 - 11.90 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
BWAQ Weekly and Daily overview Charts
BWAQ Setup Rating and Analysis
The technical rating of BWAQ is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
BWAQ Support and Resistance Analysis
4.20
When analyzing the resistance we notice one important area.
- Resistance @10.30 from a horizontal line in the daily time frame.
BWAQ 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 | DOWN | NEGATIVE | The long term trend for BWAQ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BWAQ is down. |
| ChartMill Relative Strength | 2.67 | NEGATIVE | BWAQ has a low relative strength, it was outperformed by 97.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BWAQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BWAQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BWAQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.35 | NEUTRAL | The RSI value for BWAQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests BWAQ has a negative trend. |
| Stochastics (14,3) | 27.96 | NEUTRAL | The Stochastics value for BWAQ is a neutral value. |
| Average True Range in percent/ATR (20) | 41.87 | HIGH VOLATILITY | The high ATR as a percentage value for BWAQ suggests high volalility. |
| Average Directional Index/ADX (14) | 25.11 | POSITIVE | The high ADX value value for BWAQ suggests a strong trend. |
BWAQ Chart- and CandleStick Pattern Analysis
BWAQ Technicals: Chart, Performance Metrics, Trend & Indicators
4.24
-4.46 (-51.26%)
BLUE WORLD ACQUISITION CORP / BWAQ TA FAQ
What is the technical rating for BWAQ stock?
ChartMill assigns a technical rating of 0 / 10 to BWAQ.
What is the trend direction for BWAQ stock?
The current trend direction for BLUE WORLD ACQUISITION CORP (BWAQ) is Bearish.
What is the RSI signal for BLUE WORLD ACQUISITION CORP (BWAQ) stock?
BLUE WORLD ACQUISITION CORP (BWAQ) has an RSI value of 31.3454. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BLUE WORLD ACQUISITION CORP?
The MACD indicator for BLUE WORLD ACQUISITION CORP (BWAQ) has a value of -0.205657, indicating a bearish trend.
What is the short term momentum for BLUE WORLD ACQUISITION CORP (BWAQ) stock?
The short term momentum for BLUE WORLD ACQUISITION CORP (BWAQ) is negative.