CLEANTECH ACQUISITION CORPCW (KITTW) Stock Technical Analysis
USA - NASDAQ:KITTW -
Taking everything into account, KITTW scores 2 out of 10 in our technical rating. Although KITTW is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
KITTW has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.05. Right above this resistance zone may be a good entry point.
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4 important resistance areas can be observed.
- A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.08 from a trend line in the daily time frame.
- Resistance @0.09 from a horizontal line in the weekly time frame.
- Resistance @0.10 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 | DOWN | NEGATIVE | The long term trend for KITTW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KITTW is down. |
| ChartMill Relative Strength | 97.04 | POSITIVE | KITTW has a high relative strength, it outperformed 97.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KITTW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KITTW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KITTW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.86 | NEUTRAL | The RSI value for KITTW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests KITTW has a negative trend. |
| Stochastics (14,3) | 9.93 | OVERSOLD | The low Stochastics value suggests KITTW may be oversold. |
| Average True Range in percent/ATR (20) | 20.99 | HIGH VOLATILITY | The high ATR as a percentage value for KITTW suggests high volalility. |
| Average Directional Index/ADX (14) | 24.07 | NEUTRAL | The ADX value for KITTW suggests a possible start of a new trend. |
0.042
+0 (+1.94%)
CLEANTECH ACQUISITION CORPCW / KITTW FAQ
Can you provide the ChartMill technical rating for CLEANTECH ACQUISITION CORPCW?
ChartMill assigns a technical rating of 2 / 10 to KITTW.
Can you provide the trend direction for CLEANTECH ACQUISITION CORPCW?
The current trend direction for CLEANTECH ACQUISITION CORPCW (KITTW) is Bearish.
What is the RSI signal for KITTW stock?
CLEANTECH ACQUISITION CORPCW (KITTW) has an RSI value of 42.8597. This indicates that the stock is currently neutral.
What is the buy/sell signal for CLEANTECH ACQUISITION CORPCW (KITTW) stock?
The buy/sell signal for CLEANTECH ACQUISITION CORPCW (KITTW) is sell as both the short term and long term trends are negative.
What is the support and resistance level for KITTW stock?
CLEANTECH ACQUISITION CORPCW (KITTW) has a resistance level at 0.05. Check the full technical report for our detailed analysis of KITTW support and resistance levels.