COLONNADE ACQUISITION CORP-A (CLAA) Stock Technical Analysis
USA - NYSE:CLAA - KYG2284B1014 - Common Stock
Taking everything into account, CLAA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CLAA is showing a nice and steady performance.
Although CLAA has an excellent technical rating, it does not present a decent entry opportunity 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
9.57
We found 2 important support areas.
- A support zone ranging from 10.11 to 10.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.67 to 9.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.21 to 10.22. 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 CLAA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLAA is up. |
| ChartMill Relative Strength | 83.84 | POSITIVE | CLAA has a high relative strength, it outperformed 83.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLAA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLAA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLAA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.22 | OVERBOUGHT | The high RSI value suggests CLAA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CLAA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests CLAA may be overbought. |
| Average True Range in percent/ATR (20) | 0.1 | LOW VOLATILITY | The low ATR as a percentage value for CLAA suggests low volalility. |
| Average Directional Index/ADX (14) | 85.23 | POSITIVE | The high ADX value value for CLAA suggests a strong trend. |
NYSE:CLAA (3/10/2023, 8:04:00 PM)
10.2
0 (0%)
COLONNADE ACQUISITION CORP-A / CLAA FAQ
What is the technical rating for CLAA stock?
ChartMill assigns a technical rating of 9 / 10 to CLAA.
Can you provide the trend direction for COLONNADE ACQUISITION CORP-A?
The current trend direction for COLONNADE ACQUISITION CORP-A (CLAA) is Bullish.
What is the RSI signal for CLAA stock?
COLONNADE ACQUISITION CORP-A (CLAA) has an RSI value of 79.2238. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for COLONNADE ACQUISITION CORP-A?
The buy/sell signal for COLONNADE ACQUISITION CORP-A (CLAA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for COLONNADE ACQUISITION CORP-A?
COLONNADE ACQUISITION CORP-A (CLAA) has a support level at 10.18 and a resistance level at 10.21. Check the full technical report for our detailed analysis of CLAA support and resistance levels.