PROOF ACQUISITION CORP I-A (PACI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PACI - US74349W1045 - Common Stock
Taking everything into account, PACI scores 9 out of 10 in our technical rating. PACI 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.
Although PACI has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
10.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 14.41 to 14.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.67 from a horizontal line in the daily time frame.
- A support zone ranging from 10.39 to 10.43. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for PACI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PACI is up. |
| ChartMill Relative Strength | 94.44 | POSITIVE | PACI has a high relative strength, it outperformed 94.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PACI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PACI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PACI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.14 | NEUTRAL | The RSI value for PACI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.95 | POSITIVE | The MACD value suggests PACI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.8 | NEUTRAL | The Stochastics value for PACI is a neutral value. |
| Average True Range in percent/ATR (20) | 17.47 | HIGH VOLATILITY | The high ATR as a percentage value for PACI suggests high volalility. |
| Average Directional Index/ADX (14) | 81.7 | POSITIVE | The high ADX value value for PACI suggests a strong trend. |
14.5
-5.5 (-27.5%)
PROOF ACQUISITION CORP I-A / PACI FAQ
What is the technical rating for PACI stock?
ChartMill assigns a technical rating of 8 / 10 to PACI.
What is the current trend direction of PROOF ACQUISITION CORP I-A (PACI) stock?
The current trend direction for PROOF ACQUISITION CORP I-A (PACI) is Bearish.
What is the RSI signal for PACI stock?
PROOF ACQUISITION CORP I-A (PACI) has an RSI value of 52.1422. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROOF ACQUISITION CORP I-A?
The short term momentum for PROOF ACQUISITION CORP I-A (PACI) is positive.