Revolution Acceleration Acquisition Corp Cl A (RAAC) Stock Technical Analysis
USA - NASDAQ:RAAC -
We assign a technical rating of 1 out of 10 to RAAC. RAAC 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 RAAC 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
9.21
2 important resistance areas can be observed.
- A resistance zone ranging from 9.72 to 10.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.29 from a horizontal line 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 | UP | POSITIVE | The long term trend for RAAC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RAAC is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | RAAC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RAAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RAAC is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 38.85 | NEUTRAL | The RSI value for RAAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests RAAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.87 | NEUTRAL | The Stochastics value for RAAC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for RAAC suggests low volalility. |
Revolution Acceleration Acquisition Corp Cl A
NASDAQ:RAAC (7/21/2021, 8:00:01 PM)
After market: 9.45 +0.15 (+1.61%)9.3
+0.37 (+4.14%)
Revolution Acceleration Acquisition Corp Cl A / RAAC FAQ
What is the ChartMill technical rating of Revolution Acceleration Acquisition Corp Cl A (RAAC) stock?
ChartMill assigns a technical rating of 1 / 10 to RAAC.
What is the current trend direction of Revolution Acceleration Acquisition Corp Cl A (RAAC) stock?
The current trend direction for Revolution Acceleration Acquisition Corp Cl A (RAAC) is Bullish.
What is the RSI signal for Revolution Acceleration Acquisition Corp Cl A (RAAC) stock?
Revolution Acceleration Acquisition Corp Cl A (RAAC) has an RSI value of 38.8474. This indicates that the stock is currently neutral.
What is the short term momentum for Revolution Acceleration Acquisition Corp Cl A (RAAC) stock?
The short term momentum for Revolution Acceleration Acquisition Corp Cl A (RAAC) is negative.
What are the support and resistance levels for Revolution Acceleration Acquisition Corp Cl A (RAAC) stock?
Revolution Acceleration Acquisition Corp Cl A (RAAC) has a resistance level at 9.72. Check the full technical report for our detailed analysis of RAAC support and resistance levels.