CHURCHILL CAPITAL CORP X-A (CCCX) Stock Technical Analysis
USA - NASDAQ:CCCX - KYG2130T1085 - Common Stock
Taking everything into account, CCCX scores 5 out of 10 in our technical rating. In the last year, CCCX 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, CCCX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for CCCX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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10.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.85 to 12.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.10 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 CCCX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCCX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CCCX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCCX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCCX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 78.11 | OVERBOUGHT | The high RSI value suggests CCCX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CCCX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.56 | NEUTRAL | The Stochastics value for CCCX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for CCCX suggests some volalility. |
| Average Directional Index/ADX (14) | 72.37 | POSITIVE | The high ADX value value for CCCX suggests a strong trend. |
13.3
+0.41 (+3.18%)