NYSE:SHAP - New York Stock Exchange, Inc. - KYG837451023 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to SHAP. 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.
Although the technical rating is only medium, SHAP does present a nice setup opportunity. 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. Another positive sign is the recent Pocket Pivot signal.
10.46
We found 1 important support area.
When analyzing the resistance we notice one important area.
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 SHAP is up. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHAP is neutral. |
ChartMill Relative Strength | 50.83 | NEUTRAL | SHAP is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of SHAP is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHAP is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHAP is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 49.66 | NEUTRAL | The RSI value for SHAP is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHAP has a negative trend. |
Stochastics (14,3) | 6.21 | OVERSOLD | The low Stochastics value suggests SHAP may be oversold. |
Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for SHAP suggests low volalility. |
Average Directional Index/ADX (14) | 49.01 | POSITIVE | The high ADX value value for SHAP suggests a strong trend. |
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 |
---|---|---|---|
10.97 | 10.86 | 0.11 (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 trade has a worst case loss of 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. |
Spree Acquisition Corp 1 Limited
NYSE:SHAP (2/20/2024, 8:05:29 PM)
10.91
-0.02 (-0.18%)