CORNER GROWTH ACQUISITION-A (COOL) Stock Technical Analysis
NASDAQ:COOL - Nasdaq - KYG2425N1051 - Common Stock - Currency: USD
Taking everything into account, COOL scores 4 out of 10 in our technical rating. COOL has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
COOL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month COOL has a been trading in the 10.91 - 12.95 range, which is quite wide. It is currently trading near the lows of this range.
Warning: COOL has an average volume of 4076 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, COOL turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, COOL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.07, a Stop Loss order could be placed below this zone.
More info and screens
9.60
12.38
When analyzing the support we can see 4 important areas.
- Support @11.07 from a trend line in the daily time frame.
- A support zone ranging from 10.88 to 10.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong support @10.66 from a horizontal line in the daily time frame.
- A support zone ranging from 9.70 to 9.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.21 to 11.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.91 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.26 to 12.26. 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 | NEUTRAL | NEUTRAL | The long term trend for COOL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COOL is down. |
| ChartMill Relative Strength | 57.66 | NEUTRAL | COOL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of COOL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of COOL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COOL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.79 | NEUTRAL | The RSI value for COOL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests COOL has a negative trend. |
| Stochastics (14,3) | 4.87 | OVERSOLD | The low Stochastics value suggests COOL may be oversold. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for COOL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.9 | NEUTRAL | The ADX value for COOL 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)
NASDAQ:COOL (6/24/2024, 8:00:01 PM)
11.1
-0.13 (-1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.14%
1 Week-2.63%
2 Weeks-9.39%
1 Month0.63%
3 Month0.91%
6 Month4.03%
12 Month6.83%
2 Year12.58%
3 Year13.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%3.19%
ATR Inc-67.95%
Range Today0.14
ADR(20)0.33
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.66
Mansfield-1.24
10 Day High12.25
10 Day Low11.05
20 Day High12.95
20 Day Low10.91
52 Week High15
52 Week Low10.37
CS1 End11.07
CR1 Start11.21
Volume & EV
DER(3)-0.41%
DER(5)-9.58%
Volume6.30K
Volume Incr-1.46%
Vol(5)6.40K
Vol(50)4.08K