CONCORD ACQUISITION CORP -A (CNDA) Technical Analysis
NYSEARCA:CNDA • US20607U1088
Current stock price
CNDA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CNDA. 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.
CNDA Weekly and Daily overview Charts
CNDA Setup Rating and Analysis
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
CNDA Support and Resistance Analysis
10.06
We found 1 important support 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.
CNDA Technical Indicator Signal Analysis
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. |
CNDA Chart- and CandleStick Pattern Analysis
CNDA Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:CNDA (8/30/2024, 8:04:01 PM)
10.5
0 (0%)
CONCORD ACQUISITION CORP -A / CNDA TA FAQ
What is the technical rating for CNDA stock?
ChartMill assigns a technical rating of 0 / 10 to CNDA.
What is the current trend direction of CONCORD ACQUISITION CORP -A (CNDA) stock?
The current trend direction for CONCORD ACQUISITION CORP -A (CNDA) is Bearish.
What is the RSI signal for CONCORD ACQUISITION CORP -A (CNDA) stock?
CONCORD ACQUISITION CORP -A (CNDA) has an RSI value of 43.4365. This indicates that the stock is currently neutral.
What is the short term momentum for CONCORD ACQUISITION CORP -A (CNDA) stock?
The short term momentum for CONCORD ACQUISITION CORP -A (CNDA) is negative.