MALLARD ACQUISITION CORP (MACU) Stock Technical Analysis
NASDAQ:MACU - Nasdaq - US5612041088 - Common Stock
Overall MACU gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MACU is showing a nice and steady performance.
Besides having an excellent technical rating, MACU also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.07, a Stop Loss order could be placed below this zone.
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9.61
When analyzing the support we notice one important area.
- A support zone ranging from 9.71 to 10.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.09 to 10.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.42 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 | UP | POSITIVE | The long term trend for MACU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MACU is up. |
| ChartMill Relative Strength | 83.93 | POSITIVE | MACU has a high relative strength, it outperformed 83.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MACU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MACU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MACU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.81 | NEUTRAL | The RSI value for MACU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MACU has a negative trend. |
| Stochastics (14,3) | 23.33 | NEUTRAL | The Stochastics value for MACU is a neutral value. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for MACU suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.11 | 10.08 | 0.03 (0.29%) | 25.00% |
| An entry @10.11. This is a Buy Stop order right above the 10 day moving average. | An exit @10.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.03 points, which is 0.29%. | For a 0.07% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.09
-0.01 (-0.05%)