We assign a technical rating of 6 out of 10 to CHAR. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CHAR is a bad performer.
Although the technical rating is only medium, CHAR does present a nice setup opportunity. 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 10.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.45, a Stop Loss order could be placed below this zone.
More info and screens
9.83
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.29 to 10.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @9.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.47 to 10.51. 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 CHAR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHAR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CHAR 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 CHAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHAR is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.3 | NEUTRAL | The RSI value for CHAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CHAR has a negative trend. |
| Stochastics (14,3) | 57.58 | NEUTRAL | The Stochastics value for CHAR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for CHAR suggests low volalility. |
| Average Directional Index/ADX (14) | 52.9 | POSITIVE | The high ADX value value for CHAR 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 |
|---|---|---|---|
| 10.48 | 10.42 | 0.06 (0.57%) | 25.00% |
| An entry @10.48. This is a Buy Stop order right above the 10 day high. | An exit @10.42. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.06 points, which is 0.57%. | For a 0.14% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
10.45
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CHARLTON ARIA ACQUISITI-CL A / CHAR FAQ
What is the technical rating for CHAR stock?
ChartMill assigns a technical rating of 6 / 10 to CHAR.
What is the trend direction for CHAR stock?
The current trend direction for CHARLTON ARIA ACQUISITI-CL A (CHAR) is Bullish.
Can you provide the RSI signal for CHARLTON ARIA ACQUISITI-CL A?
CHARLTON ARIA ACQUISITI-CL A (CHAR) has an RSI value of 59.2958. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHARLTON ARIA ACQUISITI-CL A?
The MACD indicator for CHARLTON ARIA ACQUISITI-CL A (CHAR) has a value of -0.00210801, indicating a bearish trend.
What is the short term momentum for CHAR stock?
The short term momentum for CHARLTON ARIA ACQUISITI-CL A (CHAR) is positive.