CONCORD ACQUISITION CORP (CND.U) Stock Technical Analysis
NYSE:CND.U - New York Stock Exchange, Inc. - US2060712013 - Currency: USD
We assign a technical rating of 2 out of 10 to CND.U. Although CND.U is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
CND.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.
Warning: CND.U has an average volume of 1184 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that CND.U is one of the better performing stocks in the market, outperforming 74% of all stocks. However, CND.U's most recent performance is quite weak.
In the last month CND.U has a been trading in a tight range between 10.10 and 10.52.
Volume is considerably higher in the last couple of days.
The technical rating of CND.U is bad and it also does not present a quality setup 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
9.74
11.57
2 important support areas can be observed.
- A support zone ranging from 10.10 to 10.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.84 to 9.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.22 to 10.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.76 to 10.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 11.10 to 11.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.46 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for CND.U is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CND.U is down. |
| ChartMill Relative Strength | 74.05 | POSITIVE | CND.U has a high relative strength, it outperformed 74.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CND.U is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CND.U is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CND.U is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.81 | NEUTRAL | The RSI value for CND.U is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CND.U has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.54 | OVERSOLD | The low Stochastics value suggests CND.U may be oversold. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for CND.U suggests low volalility. |
| Average Directional Index/ADX (14) | 21.14 | NEUTRAL | The ADX value for CND.U suggests a possible start of a new 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)
NYSE:CND.U (12/7/2022, 7:30:57 PM)
10.17
+0.01 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week-0.68%
2 Weeks-1.64%
1 Month-3.05%
3 Month-3.69%
6 Month-2.21%
12 Month2.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.53%
ATR Inc-72.19%
Range Today0
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
CRS74.05
Mansfield0.34
10 Day High10.38
10 Day Low10.16
20 Day High10.52
20 Day Low10.1
52 Week High15.25
52 Week Low9.85
CS1 End10.16
CR1 Start10.22
Volume & EV
DER(3)-1.61%
DER(5)-0.96%
Volume100
Volume Incr326.85%
Vol(5)3.18K
Vol(50)1.18K