EdtechX Holdings Acquisition Corporation II (EDTX) Technical Analysis
NASDAQ:EDTX • US28139A1025
Current stock price
EDTX Technical Rating and Analysis
Taking everything into account, EDTX scores 7 out of 10 in our technical rating. In the last year, EDTX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- EDTX 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 EDTX is performing more or less in line with the market.
- In the last month EDTX has a been trading in the 11.50 - 79.91 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- Looking at the yearly performance, EDTX did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EDTX Weekly and Daily overview Charts
EDTX Setup Rating and Analysis
Although EDTX has an excellent technical rating, it does not offer a high quality setup 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
EDTX Support and Resistance Analysis
62.61
EDTX 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 | NEUTRAL | NEUTRAL | The long term trend for EDTX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EDTX is neutral. |
| ChartMill Relative Strength | 99.9 | POSITIVE | EDTX has a high relative strength, it outperformed 99.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EDTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.27 | OVERBOUGHT | The high RSI value suggests EDTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.74 | POSITIVE | The MACD value suggests EDTX has a positive trend. |
| Stochastics (14,3) | 47.53 | NEUTRAL | The Stochastics value for EDTX is a neutral value. |
| Average True Range in percent/ATR (20) | 15.71 | HIGH VOLATILITY | The high ATR as a percentage value for EDTX suggests high volalility. |
| Average Directional Index/ADX (14) | 45.21 | POSITIVE | The high ADX value value for EDTX suggests a strong trend. |
EDTX Chart- and CandleStick Pattern Analysis
EDTX Technicals: Chart, Performance Metrics, Trend & Indicators
EdtechX Holdings Acquisition Corporation II
NASDAQ:EDTX (7/14/2023, 8:00:02 PM)
After market: 36.4 -26.84 (-42.44%)63.24
+20.01 (+46.29%)
EdtechX Holdings Acquisition Corporation II / EDTX TA FAQ
What is the technical rating for EDTX stock?
ChartMill assigns a technical rating of 6 / 10 to EDTX.
What is the current trend direction of EdtechX Holdings Acquisition Corporation II (EDTX) stock?
The current trend direction for EdtechX Holdings Acquisition Corporation II (EDTX) is Bearish.
What is the RSI signal for EdtechX Holdings Acquisition Corporation II (EDTX) stock?
EdtechX Holdings Acquisition Corporation II (EDTX) has an RSI value of 80.272. This indicates that the stock is currently overbought.
What is the MACD signal for EdtechX Holdings Acquisition Corporation II (EDTX) stock?
The MACD indicator for EdtechX Holdings Acquisition Corporation II (EDTX) has a value of 3.73919, indicating a bullish trend.