We assign a technical rating of 7 out of 10 to SWETU. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SWETU is only an average performer.
- Warning: SWETU has an average volume of 5144 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- SWETU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SWETU is lagging the market slightly.
- Looking at the yearly performance, SWETU did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month SWETU has a been trading in a tight range between 9.90 and 10.04.
Besides having an excellent technical rating, SWETU also presents 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 10.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.02, a Stop Loss order could be placed below this zone.
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9.70
When analyzing the support we notice one important area.
- A support zone ranging from 9.80 to 10.02. 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 10.04 to 10.13. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for SWETU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SWETU is up. |
| ChartMill Relative Strength | 77.03 | POSITIVE | SWETU has a high relative strength, it outperformed 77.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SWETU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SWETU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SWETU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.57 | NEUTRAL | The RSI value for SWETU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SWETU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.07 | OVERBOUGHT | The high Stochastics value suggests SWETU may be overbought. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for SWETU suggests low volalility. |
| Average Directional Index/ADX (14) | 34.07 | POSITIVE | The high ADX value value for SWETU 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 |
|---|---|---|---|
| 10.05 | 9.99 | 0.06 (0.60%) | 25.00% |
| An entry @10.05. This is a Buy Stop order right above the 10 day high. | An exit @9.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.06 points, which is 0.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- 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.
NASDAQ:SWETU (12/1/2022, 8:04:14 PM)
10.03
0 (0%)
ATHLON ACQUISITION CORP / SWETU FAQ
Can you provide the ChartMill technical rating for ATHLON ACQUISITION CORP?
ChartMill assigns a technical rating of 7 / 10 to SWETU.
What is the current trend direction of ATHLON ACQUISITION CORP (SWETU) stock?
The current trend direction for ATHLON ACQUISITION CORP (SWETU) is Bullish.
What is the RSI signal for ATHLON ACQUISITION CORP (SWETU) stock?
ATHLON ACQUISITION CORP (SWETU) has an RSI value of 61.5722. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ATHLON ACQUISITION CORP?
The MACD indicator for ATHLON ACQUISITION CORP (SWETU) has a value of 0.00101396, indicating a bearish trend.
Can you provide the support and resistance levels for ATHLON ACQUISITION CORP?
ATHLON ACQUISITION CORP (SWETU) has a support level at 10.02 and a resistance level at 10.04. Check the full technical report for our detailed analysis of SWETU support and resistance levels.