CHURCHILL CAPITAL CORP V-A (CCV) Stock Technical Analysis
NYSE:CCV - New York Stock Exchange, Inc. - US17144T1079 - Common Stock - Currency: USD
Overall CCV gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCV is showing a nice and steady performance.
Besides having an excellent technical rating, CCV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 10.38, a Stop Loss order could be placed below this zone.
More info and screens
9.66
2 important support areas can be observed.
- A support zone ranging from 9.94 to 10.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.76 to 9.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.01 to 11.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CCV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCV is up. |
| ChartMill Relative Strength | 81.25 | POSITIVE | CCV has a high relative strength, it outperformed 81.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.87 | NEUTRAL | The RSI value for CCV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CCV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.67 | NEUTRAL | The Stochastics value for CCV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for CCV suggests low volalility. |
| Average Directional Index/ADX (14) | 77.56 | POSITIVE | The high ADX value value for CCV suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.43 | 10.36 | 0.07 (0.67%) | 25.00% |
| An entry @10.43. This is a Buy Stop order right above the 10 day high. | An exit @10.36. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:CCV (10/16/2023, 8:19:04 PM)
10.395
+0.01 (+0.14%)