SPREE ACQUISITION CORP 1 LTD (SHAP)       10.35  0 (0%)

10.35  0 (0%)

KYG837451023 - Common Stock

Technical Rating

6

We assign a technical rating of 6 out of 10 to SHAP. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SHAP is a bad performer.



The long and short term trends are both positive. This is looking good!
SHAP is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so SHAP slightly outperforms the market at the moment.
In the last month SHAP has a been trading in a tight range between 10.21 and 10.36.
When comparing the yearly performance of all stocks, SHAP is a bad performer in the overall market: 100% of all stocks are doing better.

Statistics

1 Month 3 Months 6 Months 12 Months 1.27% 2.27% 3.50% 0.00% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 0 9.83 - 10.41
SHAP Weekly chart
SHAP Daily chart

Support/Resistance Analysis


9.81

10.46
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 10.21 to 10.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 9.91 to 9.94. 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 10.36 to 10.36. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

SHAP has only a medium technical rating, but it does show 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 10.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
10.3710.240.13 (1.25%)25.00%
An entry @10.37. This is a Buy Stop order right above the resistance zone.An exit @10.24. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.13 points, which is 1.25%.For a 0.31% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
SHAP Daily chart

SPREE ACQUISITION CORP 1 LTD10.35

NYSE:SHAP (1/31/2023, 7:04:01 PM)0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today 0% 1 Week 0.39%
2 Weeks 0.88% 1 Month 1.27%
3 Month 2.27% 6 Month 3.5%

Volatility
ATR(14) 0.03 ATR(20)% 0.32%
ATR Inc -41.67% Range Today 0.02

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS N/A Mansfield -30
10 Day High 10.36 10 Day Low 10.25
20 Day High 10.36 20 Day Low 10.21
52 Week High 10.41 52 Week Low 9.83
CS1 End 10.32 CR1 Start 10.36

Volume & EV
DER(3) -0.61% DER(5) -0.36%
Volume 70.30K Volume Incr 164.32%
Vol(5) 78.08K Vol(50) 77.36K

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