Decarbonization Plus Acquisition Cl A (DCRB) Stock Technical Analysis
USA - NASDAQ:DCRB -
Taking everything into account, DCRB scores 3 out of 10 in our technical rating. DCRB performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, DCRB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.26, a Stop Loss order could be placed below this zone.
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9.78
When analyzing the support we notice one important area.
- A support zone ranging from 9.88 to 10.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.84 to 10.87. 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 | UP | POSITIVE | The long term trend for DCRB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DCRB is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | DCRB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DCRB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DCRB is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 51.95 | NEUTRAL | The RSI value for DCRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DCRB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.3 | NEUTRAL | The Stochastics value for DCRB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for DCRB suggests some volalility. |
Decarbonization Plus Acquisition Cl A
NASDAQ:DCRB (7/16/2021, 8:03:08 PM)
After market: 10.34 +0.01 (+0.1%)10.33
+0.33 (+3.3%)