TEXAS VENTURES ACQ -31 (TVACW) Stock Technical Analysis
NASDAQ:TVACW
We assign a technical rating of 1 out of 10 to TVACW. TVACW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, TVACW is a bad performer in the overall market: 100% of all stocks are doing better.
- In the last month TVACW has a been trading in the 0.62 - 1.34 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: TVACW has an average volume of 23274 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
The technical rating of TVACW is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.65
We found 1 important resistance area.
- Resistance @0.98 from a trend line in the daily time frame.
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 TVACW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TVACW is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | TVACW 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 TVACW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TVACW is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 27.03 | OVERSOLD | The low RSI value suggests TVACW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TVACW has a negative trend. |
| Stochastics (14,3) | 15.01 | OVERSOLD | The low Stochastics value suggests TVACW may be oversold. |
| Average True Range in percent/ATR (20) | 18.08 | HIGH VOLATILITY | The high ATR as a percentage value for TVACW suggests high volalility. |
| Average Directional Index/ADX (14) | 19.42 | NEGATIVE | The low ADX value for TVACW suggests a weak or negative trend. |
0.655
-0.23 (-26.4%)
TEXAS VENTURES ACQ -31 / TVACW FAQ
What is the ChartMill technical rating of TEXAS VENTURES ACQ -31 (TVACW) stock?
ChartMill assigns a technical rating of 1 / 10 to TVACW.
Can you provide the trend direction for TEXAS VENTURES ACQ -31?
The current trend direction for TEXAS VENTURES ACQ -31 (TVACW) is Bearish.
What is the RSI signal for TVACW stock?
TEXAS VENTURES ACQ -31 (TVACW) has an RSI value of 27.0342. This indicates that the stock is currently oversold.
What is the short term momentum for TVACW stock?
The short term momentum for TEXAS VENTURES ACQ -31 (TVACW) is neutral.