Sustainable Opportunities Acquisition Corp (SOAC) Stock Technical Analysis
NYSE:SOAC - New York Stock Exchange, Inc. -
We assign a technical rating of 6 out of 10 to SOAC. SOAC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, SOAC is a bad performer in the overall market: 65% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SOAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOAC is lagging the market.
In the last month SOAC has a been trading in the 9.51 - 13.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOAC has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.65
10.73
When analyzing the support we notice one important area.
- A support zone ranging from 9.75 to 10.13. 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 | NEUTRAL | NEUTRAL | The long term trend for SOAC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOAC is up. |
| ChartMill Relative Strength | 35.65 | NEUTRAL | SOAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.03 | NEUTRAL | The RSI value for SOAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SOAC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.8 | NEUTRAL | The Stochastics value for SOAC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for SOAC suggests some volalility. |
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)
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)
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 |
|---|---|---|---|
| 13.30 | 9.74 | 3.56 (26.77%) | 3.74% |
| An entry @13.30. This is a Buy Stop order right above the 10 day high. | An exit @9.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.56 points, which is 26.77%. | For a 1.00% total portfolio risk, you can invest 3.74% 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.
Sustainable Opportunities Acquisition Corp
NYSE:SOAC (9/9/2021, 8:04:01 PM)
After market: 11.65 +1.03 (+9.7%)10.62
-0.34 (-3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.1%
1 Week6.52%
2 Weeks6.52%
1 Month6.95%
3 Month6.52%
6 Month4.02%
12 Month4.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%4.11%
ATR Inc238.5%
Range Today0.95
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.65
Mansfield-1
10 Day High13.29
10 Day Low9.51
20 Day High13.29
20 Day Low9.51
52 Week High13.29
52 Week Low9.51
CS1 End10.13
CR1 StartN/A
Volume & EV
DER(3)5.78%
DER(5)3.76%
Volume1.14M
Volume Incr108.1%
Vol(5)2.02M
Vol(50)671.07K