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BLUE WORLD ACQUISITION CORP (BWAQ) Stock Technical Analysis

USA - NASDAQ:BWAQ - KYG1263E1026 - Common Stock

4.24 USD
-4.46 (-51.26%)
Last: 7/1/2024, 8:23:15 PM
2.78 USD
-1.46 (-34.43%)
After Hours: 7/1/2024, 8:23:15 PM
Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to BWAQ. BWAQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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. Certainly because the S&P500 Index is trading near new highs.
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.

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Weekly and Daily overview Charts
BLUE WORLD ACQUISITION CORP / BWAQ Weekly stock chart
BLUE WORLD ACQUISITION CORP / BWAQ Daily stock chart
Setup Rating and Analysis

1

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.

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Support and Resistance Analysis

4.20

10.40

We found 1 important resistance area.

  • Resistance @10.30 from a horizontal line in the daily 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 IndicatorDOWNNEGATIVEThe long term trend for BWAQ is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for BWAQ is down.
ChartMill Relative Strength2.67NEGATIVEBWAQ has a low relative strength, it was outperformed by 97.33% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of BWAQ is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of BWAQ is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of BWAQ is below a declining SMA(200).
Relative Strength Index/RSI (14)31.35NEUTRALThe RSI value for BWAQ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.21NEGATIVEThe MACD value suggests BWAQ has a negative trend.
Stochastics (14,3)27.96NEUTRALThe Stochastics value for BWAQ is a neutral value.
Average True Range in percent/ATR (20)41.87HIGH VOLATILITYThe high ATR as a percentage value for BWAQ suggests high volalility.
Average Directional Index/ADX (14)25.11POSITIVEThe high ADX value value for BWAQ 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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BLUE WORLD ACQUISITION CORP / BWAQ Daily stock chart

BLUE WORLD ACQUISITION CORP

NASDAQ:BWAQ (7/1/2024, 8:23:15 PM)

After market: 2.78 -1.46 (-34.43%)

4.24

-4.46 (-51.26%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-51.26%
1 Week-44.79%
2 Weeks-47.98%
1 Month-62.06%
3 Month-62.08%
6 Month-61.38%
12 Month-59.27%
2 Year-57.34%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.87
ATR(20)%41.87%
ATR Inc59.39%
Range Today4.34
ADR(20)1.64
ADR(20)%38.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.67
3 months CRSN/A
6 months CRSN/A
Mansfield-6.56
10 Day High10.09
10 Day Low4
20 Day High11.9
20 Day Low4
52 Week High15.61
52 Week Low4
CS1 EndN/A
CR1 Start10.3
Volume & EV
DER(3)-6.79%
DER(5)3.93%
Volume285.60K
Volume Incr-50.21%
Vol(5)71.42K
Vol(50)79.54K

BLUE WORLD ACQUISITION CORP / BWAQ FAQ

What is the ChartMill technical rating of BLUE WORLD ACQUISITION CORP (BWAQ) stock?

ChartMill assigns a technical rating of 0 / 10 to BWAQ.


What is the current trend direction of BLUE WORLD ACQUISITION CORP (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.


What is the short term momentum for BWAQ stock?

The short term momentum for BLUE WORLD ACQUISITION CORP (BWAQ) is negative.


Can you provide the buy/sell signal for BLUE WORLD ACQUISITION CORP?

The buy/sell signal for BLUE WORLD ACQUISITION CORP (BWAQ) is sell as both the short term and long term trends are negative.