DIGITAL WORLD ACQUISITION-A (DWAC)

US25400Q1058 - Common Stock

49.95  +13.01 (+35.22%)

After market: 53.75 +3.8 (+7.61%)

Technical Rating and Analysis

9

Taking everything into account, DWAC scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, DWAC has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, DWAC did better than 99% of all other stocks.
DWAC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DWAC is performing more or less in line with the market.
In the last month DWAC has a been trading in the 32.10 - 52.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
DWAC has an average volume of 4746660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
DWAC Weekly chart
DWAC Daily chart
Setup Rating and Analysis

3

Although DWAC has an excellent technical rating, it does not present a decent entry opportunity 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.

Support and Resistance Analysis

37.23

51.27

We found 2 important support areas.

  • A support zone ranging from 40.50 to 41.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 37.61 to 37.65. 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 49.96 to 50.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.18
Mansfield11.4
10 Day High52.8
10 Day Low32.1
20 Day High52.8
20 Day Low32.1
52 Week High58.72
52 Week Low12.4
Performance
1 Week40.41%
2 Weeks27.78%
1 Month5.76%
3 Month185.43%
6 Month204.2%
12 Month255.52%
2 Year-22.57%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.26
RSI(14)60.12
LBB33.64
UBB47.15
DWAC Daily chart

DIGITAL WORLD ACQUISITION-A

NASDAQ:DWAC (3/25/2024, 8:19:28 PM)

After market: 53.75 +3.8 (+7.61%)

49.95

+13.01 (+35.22%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg35.22%
1 Week40.41%
2 Weeks27.78%
1 Month5.76%
3 Month185.43%
6 Month204.2%
12 Month255.52%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.31
ATR(20)%10.5%
ATR Inc
Range Today14.25
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High52.8
10 Day Low32.1
20 Day High52.8
20 Day Low32.1
52 Week High58.72
52 Week Low12.4
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume22.16M
Volume Incr463.47%
Vol(5)8.46M
Vol(50)4.75M