Trident Acquisitions Corp (TDAC)
We assign a technical rating of 8 out of 10 to TDAC. In the last year, TDAC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TDAC has a been trading in the 11.22 - 15.18 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, TDAC did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
TDAC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TDAC is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TDAC has an excellent technical rating, it does not present a decent entry opportunity 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
10.63
15.29
3 important support areas can be observed.
- Support @11.61 from a trend line in the weekly time frame.
- Support @10.93 from a trend line in the weekly time frame.
- Support @10.74 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.18
Mansfield0.92
10 Day High15.18
10 Day Low11.6
20 Day High15.18
20 Day Low11.22
52 Week High16.87
52 Week Low10.58
Performance
1 Week8.61%
2 Weeks31.65%
1 Month28.31%
3 Month39.8%
6 Month13.49%
12 Month40.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.34
RSI(14)77.2
LBB10.19
UBB15.43
Trident Acquisitions Corp
NASDAQ:TDAC (10/29/2021, 7:59:34 PM)
After market: 14.8 -0.34 (-2.25%)15.14
+0.39 (+2.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.64%
1 Week8.61%
2 Weeks31.65%
1 Month28.31%
3 Month39.8%
6 Month13.49%
12 Month40.19%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.84
ATR(20)%4.48%
ATR Inc
Range Today1.62
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High15.18
10 Day Low11.6
20 Day High15.18
20 Day Low11.22
52 Week High16.87
52 Week Low10.58
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume535.60K
Volume Incr213.8%
Vol(5)496.90K
Vol(50)169.88K