BERTO ACQUISITION CORP (TACO) Stock Technical Analysis
NASDAQ:TACO - Nasdaq - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to TACO. TACO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
TACO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.36, a Stop Loss order could be placed below this zone.
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10.17
When analyzing the support we notice one important area.
- A support zone ranging from 10.27 to 10.36. 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 10.41 to 10.43. 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 TACO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TACO is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TACO has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TACO is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 54.02 | NEUTRAL | The RSI value for TACO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests TACO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 75.44 | NEUTRAL | The Stochastics value for TACO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for TACO suggests low volalility. |
| Average Directional Index/ADX (14) | 17.06 | NEGATIVE | The low ADX value for TACO suggests a weak or negative trend. |
10.41
-0.01 (-0.1%)