PROOF ACQUISITION CORP I-A (PACI) Stock Technical Analysis
NYSE:PACI - New York Stock Exchange, Inc. - US74349W1045 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to PACI. In the last year, PACI was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
PACI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PACI is lagging the market.
In the last month PACI has a been trading in the 9.94 - 35.00 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that PACI is one of the better performing stocks in the market, outperforming 94% of all stocks.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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
14.65
We found 3 important support 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. |
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)
14.5
-5.5 (-27.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-27.5%
1 Week40.1%
2 Weeks34.26%
1 Month33.89%
3 Month35.39%
6 Month38.89%
12 Month45%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.61
ATR(20)%17.47%
ATR Inc434.52%
Range Today4.91
ADR(20)2.2
ADR(20)%15.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.44
Mansfield2.54
10 Day High35
10 Day Low9.94
20 Day High35
20 Day Low9.94
52 Week High35
52 Week Low9.94
CS1 End14.49
CR1 StartN/A
Volume & EV
DER(3)2.03%
DER(5)2.41%
Volume35.90K
Volume Incr1196.63%
Vol(5)704.20K
Vol(50)117.40K