CHURCHILL CAPITAL CORP VI-A (CCVI) Stock Technical Analysis
USA - NYSE:CCVI - US17143W1018 - Common Stock
Overall CCVI gets a technical rating of 7 out of 10. Although CCVI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, CCVI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.48, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.64
We found 3 important support areas.
- A support zone ranging from 10.36 to 10.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.08 from a horizontal line in the daily time frame.
- A support zone ranging from 9.74 to 9.87. 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 10.49 to 10.53. 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 CCVI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCVI is up. |
| ChartMill Relative Strength | 58.35 | NEUTRAL | CCVI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCVI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCVI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCVI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.89 | NEUTRAL | The RSI value for CCVI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CCVI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.17 | NEUTRAL | The Stochastics value for CCVI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for CCVI suggests low volalility. |
| Average Directional Index/ADX (14) | 60.58 | POSITIVE | The high ADX value value for CCVI 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 |
|---|---|---|---|
| 10.50 | 10.46 | 0.04 (0.38%) | 25.00% |
| An entry @10.50. This is a Buy Stop order right above the 10 day high. | An exit @10.46. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 0.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- 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:CCVI (12/1/2023, 8:04:00 PM)
10.485
+0 (+0.05%)
CHURCHILL CAPITAL CORP VI-A / CCVI FAQ
Can you provide the ChartMill technical rating for CHURCHILL CAPITAL CORP VI-A?
ChartMill assigns a technical rating of 7 / 10 to CCVI.
What is the trend direction for CCVI stock?
The current trend direction for CHURCHILL CAPITAL CORP VI-A (CCVI) is Bullish.
What is the RSI signal for CCVI stock?
CHURCHILL CAPITAL CORP VI-A (CCVI) has an RSI value of 54.8878. This indicates that the stock is currently neutral.
What is the MACD signal for CHURCHILL CAPITAL CORP VI-A (CCVI) stock?
The MACD indicator for CHURCHILL CAPITAL CORP VI-A (CCVI) has a value of -0.00116236, indicating a bearish trend.
What is the buy/sell signal for CHURCHILL CAPITAL CORP VI-A (CCVI) stock?
The buy/sell signal for CHURCHILL CAPITAL CORP VI-A (CCVI) is buy as both the short term and long term trends are positive.