Spree Acquisition Corp 1 Limited (SHAP)

KYG837451023 - Common Stock

10.91  -0.02 (-0.18%)

Technical Rating and Analysis

6

Taking everything into account, SHAP scores 6 out of 10 in our technical rating. Although SHAP 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 SHAP has a been trading in the 10.80 - 11.93 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the performance of all stocks over the past year, SHAP turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
SHAP 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 SHAP is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
SHAP Weekly chart
SHAP Daily chart
Setup Rating and Analysis

7

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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.

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Support and Resistance Analysis

10.46

11.07

When analyzing the support we notice one important area.

  • A support zone ranging from 10.57 to 10.90. 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 10.91 to 10.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.83
Mansfield-1.04
10 Day High11.93
10 Day Low10.87
20 Day High11.93
20 Day Low10.8
52 Week High11.93
52 Week Low10.25
Performance
1 Week-4.55%
2 Weeks0.28%
1 Month0.55%
3 Month0.09%
6 Month2.25%
12 Month5.92%
2 Year10.2%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)49.66
LBB10.66
UBB11.21

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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.

ENTRYEXITDISTANCECAPITAL
10.9710.860.11 (1.00%)25.00%
An entry @10.97. This is a Buy Stop order right above the resistance zone.An exit @10.86. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.11 points, which is 1.00%.For a 0.25% 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 SHAP. 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.

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SHAP Daily chart

Spree Acquisition Corp 1 Limited

NYSE:SHAP (2/20/2024, 7:05:29 PM)

10.91

-0.02 (-0.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.18%
1 Week-4.55%
2 Weeks0.28%
1 Month0.55%
3 Month0.09%
6 Month2.25%
12 Month5.92%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.18
ATR(20)%1.24%
ATR Inc
Range Today0.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High11.93
10 Day Low10.87
20 Day High11.93
20 Day Low10.8
52 Week High11.93
52 Week Low10.25
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.10K
Volume Incr-61.75%
Vol(5)7.90K
Vol(50)104.24K