Peridot Acquisition Corp Cl A (PDAC) Stock Technical Analysis
USA - NYSE:PDAC -
Taking everything into account, PDAC scores 3 out of 10 in our technical rating. PDAC performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of PDAC is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.87
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.26 to 10.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.97 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.86 to 11.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.34 to 12.36. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for PDAC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PDAC is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | PDAC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PDAC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PDAC is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.25 | NEUTRAL | The RSI value for PDAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests PDAC has a positive trend. |
| Stochastics (14,3) | 90.86 | OVERBOUGHT | The high Stochastics value suggests PDAC may be overbought. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for PDAC suggests some volalility. |
11.23
+0.3 (+2.74%)
Peridot Acquisition Corp Cl A / PDAC FAQ
Can you provide the ChartMill technical rating for Peridot Acquisition Corp Cl A?
ChartMill assigns a technical rating of 3 / 10 to PDAC.
Can you provide the trend direction for Peridot Acquisition Corp Cl A?
The current trend direction for Peridot Acquisition Corp Cl A (PDAC) is Bearish.
Can you provide the RSI signal for Peridot Acquisition Corp Cl A?
Peridot Acquisition Corp Cl A (PDAC) has an RSI value of 59.2507. This indicates that the stock is currently neutral.
What is the short term momentum for PDAC stock?
The short term momentum for Peridot Acquisition Corp Cl A (PDAC) is neutral.
What is the support and resistance level for PDAC stock?
Peridot Acquisition Corp Cl A (PDAC) has a support level at 10.62 and a resistance level at 11.86. Check the full technical report for our detailed analysis of PDAC support and resistance levels.