ION ACQUISITION CORP 3 LTD-A (IACC) Stock Technical Analysis
NYSE:IACC - New York Stock Exchange, Inc. - KYG4940J1141 - Common Stock - Currency: USD
Taking everything into account, IACC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IACC is showing a nice and steady performance.
Although IACC has an excellent technical rating, the quality of the presented setup is not ideal 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.
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9.54
When analyzing the support we notice one important area.
- A support zone ranging from 9.64 to 10.04. 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 10.06 to 10.06. 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 | UP | POSITIVE | The long term trend for IACC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IACC is up. |
| ChartMill Relative Strength | 82.76 | POSITIVE | IACC has a high relative strength, it outperformed 82.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IACC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IACC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IACC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.72 | NEUTRAL | The RSI value for IACC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests IACC has a negative trend. |
| Stochastics (14,3) | 53.33 | NEUTRAL | The Stochastics value for IACC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.13 | LOW VOLATILITY | The low ATR as a percentage value for IACC suggests low volalility. |
| Average Directional Index/ADX (14) | 63.17 | POSITIVE | The high ADX value value for IACC suggests a strong trend. |
NYSE:IACC (11/17/2022, 8:24:38 PM)
10.04
-0.01 (-0.1%)