Cerberus Telecom Acquisition Corp Cl A (CTAC) Stock Technical Analysis
NYSE:CTAC - New York Stock Exchange, Inc. -
Taking everything into account, CTAC scores 1 out of 10 in our technical rating. CTAC'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, CTAC is a bad performer in the overall market: 93% of all stocks are doing better.
CTAC is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month CTAC has a been trading in the 7.56 - 11.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
The technical rating of CTAC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.73
10.37
We can see 2 important resistance areas.
- A resistance zone ranging from 9.67 to 9.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.27 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 | NEUTRAL | NEUTRAL | The long term trend for CTAC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTAC is neutral. |
| ChartMill Relative Strength | 7.17 | NEGATIVE | CTAC has a low relative strength, it was outperformed by 92.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CTAC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 4.83 | OVERSOLD | The low RSI value suggests CTAC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CTAC has a negative trend. |
| Stochastics (14,3) | 16.51 | OVERSOLD | The low Stochastics value suggests CTAC may be oversold. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for CTAC suggests some volalility. |
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)
Cerberus Telecom Acquisition Corp Cl A
NYSE:CTAC (9/30/2021, 8:25:21 PM)
After market: 8.01 +0.2 (+2.56%)7.81
-1.48 (-15.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-15.93%
1 Week-21.98%
2 Weeks-21.9%
1 Month-21.66%
3 Month-21.82%
6 Month-21.19%
12 Month-28.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%4.78%
ATR Inc365.82%
Range Today1.93
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
CRS7.17
Mansfield-3.13
10 Day High10.22
10 Day Low7.56
20 Day High11.15
20 Day Low7.56
52 Week High13.51
52 Week Low7.56
CS1 EndN/A
CR1 Start9.67
Volume & EV
DER(3)-17.28%
DER(5)-13.98%
Volume449.60K
Volume Incr-16.45%
Vol(5)277.14K
Vol(50)221.66K