TREPONT ACQUISITION CORP I-A (TACA) Stock Technical Analysis
NYSE:TACA • KYG9095M1015
Taking everything into account, TACA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TACA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TACA is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, TACA also shows a nice and consistent pattern of rising prices.
- TACA 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 TACA is lagging the market slightly.
- In the last month TACA has a been trading in a tight range between 10.00 and 10.16.
- Considerably lower volume is observed in the last couple of days.
TACA has an excellent technical rating and also presents 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 10.09, a Stop Loss order could be placed below this zone.
More info and screens
9.75
We found 1 important support area.
- A support zone ranging from 9.85 to 10.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.10 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 | UP | POSITIVE | The long term trend for TACA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TACA is up. |
| ChartMill Relative Strength | 90.18 | POSITIVE | TACA has a high relative strength, it outperformed 90.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TACA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TACA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TACA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.3 | NEUTRAL | The RSI value for TACA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TACA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.5 | NEUTRAL | The Stochastics value for TACA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for TACA suggests low 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 |
|---|---|---|---|
| 10.14 | 10.07 | 0.07 (0.69%) | 25.00% |
| An entry @10.14. This is a Buy Stop order right above the resistance zone. | An exit @10.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- 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.
NYSE:TACA (6/9/2022, 8:04:01 PM)
10.095
-0.01 (-0.15%)
TREPONT ACQUISITION CORP I-A / TACA FAQ
What is the technical rating for TACA stock?
ChartMill assigns a technical rating of 9 / 10 to TACA.
What is the current trend direction of TREPONT ACQUISITION CORP I-A (TACA) stock?
The current trend direction for TREPONT ACQUISITION CORP I-A (TACA) is Bullish.
What is the RSI signal for TACA stock?
TREPONT ACQUISITION CORP I-A (TACA) has an RSI value of 52.3005. This indicates that the stock is currently neutral.
What is the MACD signal for TACA stock?
The MACD indicator for TREPONT ACQUISITION CORP I-A (TACA) has a value of 0.000981243, indicating a bearish trend.
What are the support and resistance levels for TREPONT ACQUISITION CORP I-A (TACA) stock?
TREPONT ACQUISITION CORP I-A (TACA) has a support level at 10.09 and a resistance level at 10.1. Check the full technical report for our detailed analysis of TACA support and resistance levels.