EdtechX Holdings Acquisition Corporation II (EDTX) Stock Technical Analysis
NASDAQ:EDTX - Nasdaq - US28139A1025 - Common Stock - Currency: USD
Overall EDTX gets a technical rating of 7 out of 10. EDTX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
EDTX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EDTX is lagging the market slightly.
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.
Although EDTX 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
62.61
63.87
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. |
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)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg46.29%
1 Week246.52%
2 Weeks431.88%
1 Month462.13%
3 Month488.01%
6 Month516.37%
12 Month526.14%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.95
ATR(20)%15.71%
ATR Inc1302.75%
Range Today21.99
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.9
Mansfield37.85
10 Day High79.91
10 Day Low11.51
20 Day High79.91
20 Day Low11.5
52 Week High79.91
52 Week Low9.38
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)4.12%
DER(5)3.13%
Volume603.80K
Volume Incr21.75%
Vol(5)595.18K
Vol(50)256.72K