Rotor Acquisition Corp Cl A (ROT) Stock Technical Analysis
NYSE:ROT - New York Stock Exchange, Inc. -
Overall ROT gets a technical rating of 6 out of 10. Although ROT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, ROT does present a nice setup opportunity. 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 10.00, a Stop Loss order could be placed below this zone.
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9.57
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.84 to 10.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @9.67 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.08 to 10.22. This zone is formed by a combination of multiple trend lines and important moving averages 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 ROT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ROT is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ROT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ROT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 49.06 | NEUTRAL | The RSI value for ROT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ROT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.44 | OVERSOLD | The low Stochastics value suggests ROT may be oversold. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for ROT suggests some volalility. |
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 |
|---|---|---|---|
| 10.23 | 9.85 | 0.38 (3.71%) | 25.00% |
| An entry @10.23. This is a Buy Stop order right above the resistance zone. | An exit @9.85. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.38 points, which is 3.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of ROT. 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.
10.05
-0.22 (-2.14%)