CARTICA ACQUISITION CORP-A (CITE) Stock Technical Analysis
NASDAQ:CITE - Nasdaq - KYG1995D1097 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CITE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CITE is only an average performer.
Warning: CITE has an average volume of 28432 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CITE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CITE is lagging the market slightly.
When comparing the performance of all stocks over the past year, CITE turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
In the last month CITE has a been trading in a tight range between 11.53 and 11.85.
Considerably lower volume is observed in the last couple of days.
Although CITE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.44
11.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.53 to 11.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.25 from a trend line in the weekly time frame.
- Strong support @10.95 from a horizontal line in the daily time frame.
- Support @10.73 from a horizontal line in the daily time frame.
- A support zone ranging from 10.55 to 10.56. 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 11.86 to 11.86. 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 CITE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CITE is up. |
| ChartMill Relative Strength | 61.88 | NEUTRAL | CITE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CITE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CITE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CITE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.66 | NEUTRAL | The RSI value for CITE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CITE has a positive trend. |
| Stochastics (14,3) | 86.23 | OVERBOUGHT | The high Stochastics value suggests CITE may be overbought. |
| Average True Range in percent/ATR (20) | 0.44 | LOW VOLATILITY | The low ATR as a percentage value for CITE suggests low volalility. |
| Average Directional Index/ADX (14) | 18.5 | NEGATIVE | The low ADX value for CITE suggests a weak or negative trend. |
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)
NASDAQ:CITE (1/10/2025, 8:10:01 PM)
11.85
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.25%
2 Weeks1.28%
1 Month1.37%
3 Month3.4%
6 Month6.28%
12 Month10.03%
2 Year13.83%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.44%
ATR Inc52.33%
Range Today0
ADR(20)0.03
ADR(20)%0.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.88
Mansfield-0.57
10 Day High11.85
10 Day Low11.53
20 Day High11.85
20 Day Low11.53
52 Week High12.25
52 Week Low10.76
CS1 End11.77
CR1 Start11.86
Volume & EV
DER(3)0%
DER(5)0%
Volume400
Volume Incr-96.42%
Vol(5)1.26K
Vol(50)28.43K