CONCORD ACQUISITION CORP -A (CNDA) Stock Technical Analysis
NYSEARCA:CNDA - NYSE Arca - US20607U1088 - Common Stock - Currency: USD
Taking everything into account, CNDA scores 0 out of 10 in our technical rating. CNDA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, CNDA is a bad performer in the overall market: 64% of all stocks are doing better.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
CNDA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNDA is lagging the market slightly.
In the last month CNDA has a been trading in a tight range between 10.48 and 10.54.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CNDA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 10.47, a Stop Loss order could be placed below this zone.
More info and screens
10.06
10.74
When analyzing the support we notice one important area.
- A support zone ranging from 10.16 to 10.47. 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 10.51 to 10.63. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for CNDA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNDA is down. |
| ChartMill Relative Strength | 36.1 | NEUTRAL | CNDA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNDA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNDA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNDA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.44 | NEUTRAL | The RSI value for CNDA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CNDA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.67 | NEUTRAL | The Stochastics value for CNDA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for CNDA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.73 | POSITIVE | The high ADX value value for CNDA suggests a strong 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)
NYSEARCA:CNDA (8/30/2024, 8:04:01 PM)
10.5
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0%
2 Weeks0%
1 Month-0.19%
3 Month-0.8%
6 Month0.57%
12 Month1.74%
2 Year8.36%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.23%
ATR Inc37.84%
Range Today0.01
ADR(20)0.02
ADR(20)%0.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.1
Mansfield-1.3
10 Day High10.54
10 Day Low10.49
20 Day High10.54
20 Day Low10.48
52 Week High10.9
52 Week Low10.13
CS1 End10.47
CR1 Start10.51
Volume & EV
DER(3)0.95%
DER(5)0.65%
Volume1.40K
Volume Incr390.4%
Vol(5)62.60K
Vol(50)135.31K