SWIFTMERGE ACQUISITION COR-A (IVCP) Stock Technical Analysis
NASDAQ:IVCP - Nasdaq - KYG638361033 - Common Stock - Currency: USD
Overall IVCP gets a technical rating of 2 out of 10. IVCP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
IVCP is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so IVCP is lagging the market.
In the last month IVCP has a been trading in the 8.80 - 13.39 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: IVCP has an average volume of 17749 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, IVCP turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
The technical rating of IVCP is bad and it also does not present a quality setup 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.
More info and screens
10.39
12.32
We found 1 important support area.
- Support @10.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.87 to 11.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.29 from a horizontal line in the weekly time frame.
- Resistance @11.91 from a horizontal line in the daily time frame.
- Resistance @12.20 from a horizontal line in the daily time frame.
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 IVCP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IVCP is neutral. |
| ChartMill Relative Strength | 42.92 | NEUTRAL | IVCP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IVCP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IVCP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IVCP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.1 | NEUTRAL | The RSI value for IVCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests IVCP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.35 | OVERSOLD | The low Stochastics value suggests IVCP may be oversold. |
| Average True Range in percent/ATR (20) | 5.81 | HIGH VOLATILITY | The high ATR as a percentage value for IVCP suggests high volalility. |
| Average Directional Index/ADX (14) | 48.23 | POSITIVE | The high ADX value value for IVCP 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)
10.5
+0.99 (+10.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg10.41%
1 Week-6.63%
2 Weeks-6.91%
1 Month-5.06%
3 Month-4.28%
6 Month-2.69%
12 Month1.35%
2 Year3.65%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%5.81%
ATR Inc738.12%
Range Today4.51
ADR(20)0.6
ADR(20)%5.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.92
Mansfield-1.92
10 Day High13.39
10 Day Low8.8
20 Day High13.39
20 Day Low8.8
52 Week High13.39
52 Week Low8.8
CS1 End10.49
CR1 Start10.87
Volume & EV
DER(3)-10.08%
DER(5)-5.48%
Volume43.10K
Volume Incr-38.92%
Vol(5)17.58K
Vol(50)17.75K