MONTEREY CAPITAL ACQUISITI-A (MCAC) Technical Analysis
NASDAQ:MCAC • US61244M1099
Current stock price
MCAC Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MCAC. MCAC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, MCAC is a bad performer in the overall market: 99% of all stocks are doing better.
- MCAC is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MCAC is lagging the market.
- In the last month MCAC has a been trading in the 3.54 - 12.47 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
MCAC Weekly and Daily overview Charts
MCAC Setup Rating and Analysis
The technical rating of MCAC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
MCAC Support and Resistance Analysis
MCAC 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 MCAC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCAC is down. |
| ChartMill Relative Strength | 1.64 | NEGATIVE | MCAC has a low relative strength, it was outperformed by 98.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCAC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 0.93 | OVERSOLD | The low RSI value suggests MCAC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests MCAC has a negative trend. |
| Stochastics (14,3) | 3.05 | OVERSOLD | The low Stochastics value suggests MCAC may be oversold. |
| Average True Range in percent/ATR (20) | 16.08 | HIGH VOLATILITY | The high ATR as a percentage value for MCAC suggests high volalility. |
| Average Directional Index/ADX (14) | 59.42 | POSITIVE | The high ADX value value for MCAC suggests a strong trend. |
MCAC Chart- and CandleStick Pattern Analysis
MCAC Technicals: Chart, Performance Metrics, Trend & Indicators
3.54
-3.47 (-49.5%)
MONTEREY CAPITAL ACQUISITI-A / MCAC TA FAQ
What is the technical rating for MCAC stock?
ChartMill assigns a technical rating of 0 / 10 to MCAC.
What is the current trend direction of MONTEREY CAPITAL ACQUISITI-A (MCAC) stock?
The current trend direction for MONTEREY CAPITAL ACQUISITI-A (MCAC) is Bearish.
What is the RSI signal for MCAC stock?
MONTEREY CAPITAL ACQUISITI-A (MCAC) has an RSI value of 0.927496. This indicates that the stock is currently oversold.
What is the MACD signal for MCAC stock?
The MACD indicator for MONTEREY CAPITAL ACQUISITI-A (MCAC) has a value of -0.706818, indicating a bearish trend.