LIGHTJUMP ACQUISITION CORP (LJAQ) Stock Technical Analysis
USA - NASDAQ:LJAQ - US53228M1062 - Common Stock
Taking everything into account, LJAQ scores 8 out of 10 in our technical rating. LJAQ 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.
LJAQ has an excellent technical rating, but the quality of the setup is only medium 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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9.74
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.
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. |
12.1
+0.9 (+8.04%)
LIGHTJUMP ACQUISITION CORP / LJAQ FAQ
What is the technical rating for LJAQ stock?
ChartMill assigns a technical rating of 7 / 10 to LJAQ.
What is the trend direction for LJAQ stock?
The current trend direction for LIGHTJUMP ACQUISITION CORP (LJAQ) is Bearish.
What is the RSI signal for LIGHTJUMP ACQUISITION CORP (LJAQ) stock?
LIGHTJUMP ACQUISITION CORP (LJAQ) has an RSI value of 54.0294. This indicates that the stock is currently neutral.
What is the short term momentum for LJAQ stock?
The short term momentum for LIGHTJUMP ACQUISITION CORP (LJAQ) is positive.