SOUTHPORT ACQUISITION CORP (PORT) Technical Analysis
NYSE:PORT • US84465L1052
Current stock price
PORT Technical Rating and Analysis
Taking everything into account, PORT scores 7 out of 10 in our technical rating. Although PORT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- In the last month PORT has a been trading in the 10.70 - 12.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Warning: PORT has an average volume of 25776 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 compared to the yearly performance of all other stocks, PORT outperforms 48% of them, which is more or less in line with the market.
- PORT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PORT is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
PORT Weekly and Daily overview Charts
PORT Setup Rating and Analysis
Besides having an excellent technical rating, PORT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.82, a Stop Loss order could be placed below this zone.
More info and screens
PORT Support and Resistance Analysis
9.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.38 to 10.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.86 to 9.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.92 to 10.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
PORT 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 PORT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PORT is up. |
| ChartMill Relative Strength | 48.46 | NEUTRAL | PORT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PORT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PORT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PORT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.97 | NEUTRAL | The RSI value for PORT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PORT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 11.85 | OVERSOLD | The low Stochastics value suggests PORT may be oversold. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for PORT suggests low volalility. |
| Average Directional Index/ADX (14) | 53.4 | POSITIVE | The high ADX value value for PORT suggests a strong trend. |
PORT Chart- and CandleStick Pattern Analysis
PORT Example Setup
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 |
|---|---|---|---|
| 10.94 | 10.71 | 0.23 (2.10%) | 25.00% |
| An entry @10.94. This is a Buy Stop order right above the resistance zone. | An exit @10.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.23 points, which is 2.10%. | For a 0.53% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PORT. Please evaluate whether better entry and exit points can be found.
- 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.
PORT Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:PORT (3/21/2024, 8:04:01 PM)
10.86
0 (0%)
SOUTHPORT ACQUISITION CORP / PORT TA FAQ
What is the technical rating for PORT stock?
ChartMill assigns a technical rating of 7 / 10 to PORT.
What is the current trend direction of SOUTHPORT ACQUISITION CORP (PORT) stock?
The current trend direction for SOUTHPORT ACQUISITION CORP (PORT) is Bullish.
Can you provide the RSI signal for SOUTHPORT ACQUISITION CORP?
SOUTHPORT ACQUISITION CORP (PORT) has an RSI value of 51.9747. This indicates that the stock is currently neutral.
What is the MACD signal for PORT stock?
The MACD indicator for SOUTHPORT ACQUISITION CORP (PORT) has a value of 0.00294032, indicating a bearish trend.
Can you provide the support and resistance levels for SOUTHPORT ACQUISITION CORP?
SOUTHPORT ACQUISITION CORP (PORT) has a support level at 10.82 and a resistance level at 10.92. Check the full technical report for our detailed analysis of PORT support and resistance levels.