DIGITAL WORLD ACQ A -CW28 (DWACW) Technical Analysis
NASDAQ:DWACW
Current stock price
DWACW Technical Rating and Analysis
Taking everything into account, DWACW scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, DWACW has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that DWACW is one of the better performing stocks in the market, outperforming 99% of all stocks.
- A new 52 week high is currently being made by DWACW, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month DWACW has a been trading in the 15.43 - 24.30 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
DWACW Weekly and Daily overview Charts
DWACW Setup Rating and Analysis
Although DWACW has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
DWACW Support and Resistance Analysis
17.28
We found 2 important support areas.
- A support zone ranging from 18.21 to 18.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.45 from a trend line in the daily time frame.
DWACW Technical Indicator Signal Analysis
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 DWACW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DWACW is up. |
| ChartMill Relative Strength | 99.78 | POSITIVE | DWACW has a high relative strength, it outperformed 99.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DWACW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DWACW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DWACW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.18 | NEUTRAL | The RSI value for DWACW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests DWACW has a positive trend. |
| Stochastics (14,3) | 68.66 | NEUTRAL | The Stochastics value for DWACW is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for DWACW suggests high volalility. |
| Average Directional Index/ADX (14) | 25.49 | POSITIVE | The high ADX value value for DWACW suggests a strong trend. |
DWACW Chart- and CandleStick Pattern Analysis
DWACW Technicals: Chart, Performance Metrics, Trend & Indicators
23.15
+4.78 (+26.02%)
DIGITAL WORLD ACQ A -CW28 / DWACW TA FAQ
What is the ChartMill technical rating of DIGITAL WORLD ACQ A -CW28 (DWACW) stock?
ChartMill assigns a technical rating of 10 / 10 to DWACW.
What is the current trend direction of DIGITAL WORLD ACQ A -CW28 (DWACW) stock?
The current trend direction for DIGITAL WORLD ACQ A -CW28 (DWACW) is Bullish.
Can you provide the RSI signal for DIGITAL WORLD ACQ A -CW28?
DIGITAL WORLD ACQ A -CW28 (DWACW) has an RSI value of 67.1785. This indicates that the stock is currently neutral.
What is the MACD signal for DWACW stock?
The MACD indicator for DIGITAL WORLD ACQ A -CW28 (DWACW) has a value of 0.16392, indicating a bearish trend.
What is the short term momentum for DIGITAL WORLD ACQ A -CW28 (DWACW) stock?
The short term momentum for DIGITAL WORLD ACQ A -CW28 (DWACW) is positive.