COLOMBIER ACQUISITION CORP (CLB.U) Technical Analysis
NYSE:CLB.U • US19533H2076
Overall CLB.U gets a technical rating of 0 out of 10. CLB.U scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CLB.U is a bad performer in the overall market: 77% of all stocks are doing better.
- CLB.U is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- CLB.U is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- In the last month CLB.U has a been trading in a tight range between 10.10 and 10.24.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CLB.U does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.18, a Stop Loss order could be placed below this zone.
More info and screens
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We found 2 important support areas.
- A support zone ranging from 10.03 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 9.68 to 9.84. 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 10.22 to 10.25. 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 | DOWN | NEGATIVE | The long term trend for CLB.U is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLB.U is down. |
| ChartMill Relative Strength | 23.34 | NEGATIVE | CLB.U has a low relative strength, it was outperformed by 76.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLB.U is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLB.U is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CLB.U is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.03 | NEUTRAL | The RSI value for CLB.U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CLB.U has a positive trend. |
| Stochastics (14,3) | 68.5 | NEUTRAL | The Stochastics value for CLB.U is a neutral value. |
| Average True Range in percent/ATR (20) | 0.49 | LOW VOLATILITY | The low ATR as a percentage value for CLB.U suggests low volalility. |
| Average Directional Index/ADX (14) | 31.43 | POSITIVE | The high ADX value value for CLB.U suggests a strong trend. |
CLB.U Technicals: Chart, Performance Metrics, Trend & Indicators
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COLOMBIER ACQUISITION CORP / CLB.U FAQ
Can you provide the ChartMill technical rating for COLOMBIER ACQUISITION CORP?
ChartMill assigns a technical rating of 0 / 10 to CLB.U.
What is the trend direction for CLB.U stock?
The current trend direction for COLOMBIER ACQUISITION CORP (CLB.U) is Bearish.
What is the RSI signal for COLOMBIER ACQUISITION CORP (CLB.U) stock?
COLOMBIER ACQUISITION CORP (CLB.U) has an RSI value of 37.0304. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for COLOMBIER ACQUISITION CORP?
The buy/sell signal for COLOMBIER ACQUISITION CORP (CLB.U) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for COLOMBIER ACQUISITION CORP (CLB.U) stock?
COLOMBIER ACQUISITION CORP (CLB.U) has a support level at 10.18 and a resistance level at 10.22. Check the full technical report for our detailed analysis of CLB.U support and resistance levels.