LIGHTJUMP ACQUISITION CORP (LJAQ) Technical Analysis
NASDAQ:LJAQ • US53228M1062
Current stock price
LJAQ Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to LJAQ. In the last year, LJAQ 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.
- LJAQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month LJAQ has a been trading in the 8.00 - 42.25 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, LJAQ did better than 93% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
LJAQ Weekly and Daily overview Charts
LJAQ Setup Rating and Analysis
Although LJAQ 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.
More info and screens
LJAQ Support and Resistance Analysis
9.74
When analyzing the support we can see 2 important areas.
- Support @10.10 from a horizontal line in the daily time frame.
- A support zone ranging from 9.84 to 9.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
LJAQ 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 LJAQ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LJAQ is up. |
| ChartMill Relative Strength | 93.39 | POSITIVE | LJAQ has a high relative strength, it outperformed 93.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LJAQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LJAQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LJAQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.03 | NEUTRAL | The RSI value for LJAQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests LJAQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 10.95 | OVERSOLD | The low Stochastics value suggests LJAQ may be oversold. |
| Average True Range in percent/ATR (20) | 26.98 | HIGH VOLATILITY | The high ATR as a percentage value for LJAQ suggests high volalility. |
| Average Directional Index/ADX (14) | 73.01 | POSITIVE | The high ADX value value for LJAQ suggests a strong trend. |
LJAQ Chart- and CandleStick Pattern Analysis
LJAQ Technicals: Chart, Performance Metrics, Trend & Indicators
12.1
+0.9 (+8.04%)
LIGHTJUMP ACQUISITION CORP / LJAQ TA FAQ
What is the technical rating for LJAQ stock?
ChartMill assigns a technical rating of 7 / 10 to LJAQ.
Can you provide the trend direction for LIGHTJUMP ACQUISITION CORP?
The current trend direction for LIGHTJUMP ACQUISITION CORP (LJAQ) is Bearish.
Can you provide the RSI signal for LIGHTJUMP ACQUISITION CORP?
LIGHTJUMP ACQUISITION CORP (LJAQ) has an RSI value of 54.0294. This indicates that the stock is currently neutral.
What is the MACD signal for LIGHTJUMP ACQUISITION CORP (LJAQ) stock?
The MACD indicator for LIGHTJUMP ACQUISITION CORP (LJAQ) has a value of 0.237221, indicating a bearish trend.
Can you provide the short term momentum for LIGHTJUMP ACQUISITION CORP?
The short term momentum for LIGHTJUMP ACQUISITION CORP (LJAQ) is positive.