CANTOR EQUITY PARTNERS III-A (CAEP) Stock Technical Analysis
NASDAQ:CAEP - Nasdaq - Common Stock - Currency: USD
Taking everything into account, CAEP scores 4 out of 10 in our technical rating. In the last year, CAEP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, CAEP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.54, a Stop Loss order could be placed below this zone.
More info and screens
10.37
We found 1 important support area.
- A support zone ranging from 10.47 to 10.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.62 to 10.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.96 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for CAEP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAEP is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CAEP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CAEP is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 46 | NEUTRAL | The RSI value for CAEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests CAEP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.03 | OVERSOLD | The low Stochastics value suggests CAEP may be oversold. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for CAEP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.32 | NEGATIVE | The low ADX value for CAEP suggests a weak or negative trend. |
10.55
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