Patria Latin American Opportunity Acquisition Corporation (PLAO) Technical Analysis
NASDAQ:PLAO • KYG694541098
Current stock price
PLAO Technical Rating and Analysis
Overall PLAO gets a technical rating of 9 out of 10. Both in the recent history as in the last year, PLAO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Warning: PLAO has an average volume of 17020 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that PLAO is one of the better performing stocks in the market, outperforming 77% of all stocks. On top of that, PLAO also shows a nice and consistent pattern of rising prices.
- PLAO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PLAO is lagging the market slightly.
- In the last month PLAO has a been trading in a tight range between 11.61 and 12.07.
- Considerably lower volume is observed in the last couple of days.
PLAO Weekly and Daily overview Charts
PLAO Setup Rating and Analysis
Although PLAO has an excellent technical rating, it does not present a decent entry opportunity 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
PLAO Support and Resistance Analysis
11.13
When analyzing the support we notice one important area.
- A support zone ranging from 11.24 to 11.79. 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 11.86 to 11.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
PLAO Technical Indicator Signal Analysis
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 PLAO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLAO is up. |
| ChartMill Relative Strength | 77.24 | POSITIVE | PLAO has a high relative strength, it outperformed 77.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLAO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLAO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLAO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.45 | OVERBOUGHT | The high RSI value suggests PLAO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PLAO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.83 | NEUTRAL | The Stochastics value for PLAO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for PLAO suggests low volalility. |
| Average Directional Index/ADX (14) | 58.7 | POSITIVE | The high ADX value value for PLAO suggests a strong trend. |
PLAO Chart- and CandleStick Pattern Analysis
PLAO Technicals: Chart, Performance Metrics, Trend & Indicators
Patria Latin American Opportunity Acquisition Corporation
NASDAQ:PLAO (3/18/2025, 8:00:01 PM)
11.85
0 (0%)
Patria Latin American Opportunity Acquisition Corporation / PLAO TA FAQ
What is the technical rating for PLAO stock?
ChartMill assigns a technical rating of 9 / 10 to PLAO.
Can you provide the trend direction for Patria Latin American Opportunity Acquisition Corporation?
The current trend direction for Patria Latin American Opportunity Acquisition Corporation (PLAO) is Bullish.
Can you provide the RSI signal for Patria Latin American Opportunity Acquisition Corporation?
Patria Latin American Opportunity Acquisition Corporation (PLAO) has an RSI value of 77.4536. This indicates that the stock is currently overbought.
What is the MACD signal for Patria Latin American Opportunity Acquisition Corporation (PLAO) stock?
The MACD indicator for Patria Latin American Opportunity Acquisition Corporation (PLAO) has a value of 0.0190907, indicating a bearish trend.
Can you provide the short term momentum for Patria Latin American Opportunity Acquisition Corporation?
The short term momentum for Patria Latin American Opportunity Acquisition Corporation (PLAO) is positive.