PINE ISLAND ACQUISITION-CL A (PIPP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PIPP - US7226151014 - Common Stock
Taking everything into account, PIPP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PIPP has proven to be a steady performer, scoring decent points in every aspect analyzed.
PIPP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.02, a Stop Loss order could be placed below this zone.
More info and screens
9.58
We found 1 important support area.
- A support zone ranging from 9.68 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.04 to 10.05. 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 | UP | POSITIVE | The long term trend for PIPP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PIPP is up. |
| ChartMill Relative Strength | 85.39 | POSITIVE | PIPP has a high relative strength, it outperformed 85.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PIPP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PIPP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PIPP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.62 | NEUTRAL | The RSI value for PIPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PIPP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests PIPP may be overbought. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for PIPP suggests low volalility. |
| Average Directional Index/ADX (14) | 61.9 | POSITIVE | The high ADX value value for PIPP 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 |
|---|---|---|---|
| 10.06 | 10.00 | 0.06 (0.60%) | 25.00% |
| An entry @10.06. This is a Buy Stop order right above the resistance zone. | An exit @10.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- 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.
10.03
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PINE ISLAND ACQUISITION-CL A / PIPP FAQ
What is the ChartMill technical rating of PINE ISLAND ACQUISITION-CL A (PIPP) stock?
ChartMill assigns a technical rating of 9 / 10 to PIPP.
What is the current trend direction of PINE ISLAND ACQUISITION-CL A (PIPP) stock?
The current trend direction for PINE ISLAND ACQUISITION-CL A (PIPP) is Bullish.
What is the RSI signal for PINE ISLAND ACQUISITION-CL A (PIPP) stock?
PINE ISLAND ACQUISITION-CL A (PIPP) has an RSI value of 69.6176. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PINE ISLAND ACQUISITION-CL A?
The short term momentum for PINE ISLAND ACQUISITION-CL A (PIPP) is positive.
What is the buy/sell signal for PINE ISLAND ACQUISITION-CL A (PIPP) stock?
The buy/sell signal for PINE ISLAND ACQUISITION-CL A (PIPP) is buy as both the short term and long term trends are positive.