NYSE:SOAC - New York Stock Exchange, Inc. -
We assign a technical rating of 6 out of 10 to SOAC. In the last year, SOAC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
SOAC has an average technical rating and also the quality of the setup is only medium 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.
9.65
We found 1 important support 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 | 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. |
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 worst case loss on the trade is limited to 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. |
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%)