LIBERTY MEDIA ACQUISITION CO (LMACU) Stock Technical Analysis
NASDAQ:LMACU - Nasdaq - US53073L2034 - Currency: USD
We assign a technical rating of 7 out of 10 to LMACU. Although LMACU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
LMACU 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, LMACU did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month LMACU has a been trading in a tight range between 9.99 and 10.08.
Considerably lower volume is observed in the last couple of days.
Although LMACU has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.75
11.17
When analyzing the support we notice one important area.
- A support zone ranging from 9.85 to 10.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.15 to 10.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.06 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for LMACU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LMACU is up. |
| ChartMill Relative Strength | 71.95 | POSITIVE | LMACU has a high relative strength, it outperformed 71.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LMACU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LMACU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LMACU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 74.56 | OVERBOUGHT | The high RSI value suggests LMACU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests LMACU has a positive trend. |
| Stochastics (14,3) | 92.56 | OVERBOUGHT | The high Stochastics value suggests LMACU may be overbought. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for LMACU suggests low volalility. |
| Average Directional Index/ADX (14) | 33.23 | POSITIVE | The high ADX value value for LMACU 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)
NASDAQ:LMACU (11/30/2022, 8:00:01 PM)
10.081
+0.03 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.31%
1 Week0.41%
2 Weeks0.71%
1 Month0.51%
3 Month0.96%
6 Month0.71%
12 Month-4.63%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.17%
ATR Inc26.09%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.95
Mansfield0.11
10 Day High10.08
10 Day Low10.01
20 Day High10.08
20 Day Low9.99
52 Week High10.85
52 Week Low9.8
CS1 End10.04
CR1 Start10.15
Volume & EV
DER(3)1.12%
DER(5)1.39%
Volume7.30K
Volume Incr-46.33%
Vol(5)11.64K
Vol(50)82.88K