Ciig Merger Corp Cl A (CIIC) Stock Technical Analysis
NASDAQ:CIIC - Nasdaq -
We assign a technical rating of 3 out of 10 to CIIC. CIIC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CIIC has an average volume of 1548690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CIIC outperforms 55% of them, which is more or less in line with the market.
CIIC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CIIC is lagging the market.
In the last month CIIC has a been trading in the 17.66 - 27.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CIIC has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
9.70
27.41
When analyzing the support we can see 5 important areas.
- Support @19.88 from a trend line in the weekly time frame.
- Support @19.23 from a trend line in the daily time frame.
- Support @18.59 from a horizontal line in the weekly time frame.
- Strong support @10.05 from a horizontal line in the daily time frame.
- Strong support @9.80 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.56 to 25.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @27.14 from a trend 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 CIIC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CIIC is neutral. |
| ChartMill Relative Strength | 55.73 | NEUTRAL | CIIC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIIC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CIIC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CIIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.62 | NEUTRAL | The RSI value for CIIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CIIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.25 | NEUTRAL | The Stochastics value for CIIC is a neutral value. |
| Average True Range in percent/ATR (20) | 12.41 | HIGH VOLATILITY | The high ATR as a percentage value for CIIC suggests high volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.6
-2.21 (-9.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-9.28%
1 Week-11.87%
2 Weeks-0.28%
1 Month-13.94%
3 Month-31.52%
6 Month114.71%
12 Month118.18%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.5
ATR(20)%12.41%
ATR Inc-13.61%
Range Today2.66
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.73
Mansfield2.22
10 Day High27.46
10 Day Low21.5
20 Day High27.46
20 Day Low17.66
52 Week High37.18
52 Week Low9.3
CS1 End19.88
CR1 Start25.56
Volume & EV
DER(3)-3%
DER(5)-1.22%
Volume1.53M
Volume Incr-1.75%
Vol(5)1.47M
Vol(50)1.55M