We assign a technical rating of 0 out of 10 to DUNE. DUNE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
DUNE has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.01
We can see 2 important resistance areas.
- Resistance @4.61 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.74 to 9.76. 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 | DOWN | NEGATIVE | The long term trend for DUNE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DUNE is down. |
| ChartMill Relative Strength | 3.9 | NEGATIVE | DUNE has a low relative strength, it was outperformed by 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DUNE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DUNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DUNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.69 | OVERSOLD | The low RSI value suggests DUNE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests DUNE has a positive trend. |
| Stochastics (14,3) | 15.06 | OVERSOLD | The low Stochastics value suggests DUNE may be oversold. |
| Average True Range in percent/ATR (20) | 25.68 | HIGH VOLATILITY | The high ATR as a percentage value for DUNE suggests high volalility. |
| Average Directional Index/ADX (14) | 34.04 | POSITIVE | The high ADX value value for DUNE suggests a strong trend. |
NASDAQ:DUNE (12/21/2023, 8:15:20 PM)
4.05
-0.55 (-11.96%)
DUNE ACQUISITION CORP-CL A / DUNE FAQ
Can you provide the ChartMill technical rating for DUNE ACQUISITION CORP-CL A?
ChartMill assigns a technical rating of 0 / 10 to DUNE.
Can you provide the trend direction for DUNE ACQUISITION CORP-CL A?
The current trend direction for DUNE ACQUISITION CORP-CL A (DUNE) is Bearish.
What is the RSI signal for DUNE stock?
DUNE ACQUISITION CORP-CL A (DUNE) has an RSI value of 26.6931. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for DUNE ACQUISITION CORP-CL A?
The buy/sell signal for DUNE ACQUISITION CORP-CL A (DUNE) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for DUNE ACQUISITION CORP-CL A?
DUNE ACQUISITION CORP-CL A (DUNE) has a resistance level at 4.61. Check the full technical report for our detailed analysis of DUNE support and resistance levels.