Overall MONCU gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MONCU is only an average performer.
Besides having an excellent technical rating, MONCU also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MONCU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.72
When analyzing the support we notice one important area.
- A support zone ranging from 9.82 to 10.02. 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 one important area.
- A resistance zone ranging from 10.05 to 10.13. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for MONCU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MONCU is up. |
| ChartMill Relative Strength | 71.91 | POSITIVE | MONCU has a high relative strength, it outperformed 71.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MONCU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MONCU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MONCU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.83 | NEUTRAL | The RSI value for MONCU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MONCU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.61 | OVERBOUGHT | The high Stochastics value suggests MONCU may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for MONCU suggests low volalility. |
| Average Directional Index/ADX (14) | 42.87 | POSITIVE | The high ADX value value for MONCU suggests a strong trend. |
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 |
|---|---|---|---|
| 10.14 | 9.81 | 0.33 (3.25%) | 25.00% |
| An entry @10.14. This is a Buy Stop order right above the resistance zone. | An exit @9.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.33 points, which is 3.25%. | For a 0.81% 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.
NASDAQ:MONCU (12/23/2022, 4:00:42 PM)
10.05
-0.03 (-0.3%)
MONUMENT CIRCLE ACQUISITION / MONCU FAQ
What is the technical rating for MONCU stock?
ChartMill assigns a technical rating of 7 / 10 to MONCU.
What is the trend direction for MONCU stock?
The current trend direction for MONUMENT CIRCLE ACQUISITION (MONCU) is Bullish.
What is the RSI signal for MONUMENT CIRCLE ACQUISITION (MONCU) stock?
MONUMENT CIRCLE ACQUISITION (MONCU) has an RSI value of 57.8271. This indicates that the stock is currently neutral.
What is the MACD signal for MONCU stock?
The MACD indicator for MONUMENT CIRCLE ACQUISITION (MONCU) has a value of 0.00106381, indicating a bearish trend.
What is the support and resistance level for MONCU stock?
MONUMENT CIRCLE ACQUISITION (MONCU) has a support level at 10.02 and a resistance level at 10.05. Check the full technical report for our detailed analysis of MONCU support and resistance levels.