PLUM ACQUISITION I A -CW28 (VEEAW) Stock Technical Analysis
USA - NASDAQ:VEEAW -
Taking everything into account, VEEAW scores 1 out of 10 in our technical rating. VEEAW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, VEEAW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.06, a Stop Loss order could be placed below this zone.
More info and screens
0.06
We found 1 important support area.
- A support zone ranging from 0.06 to 0.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for VEEAW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VEEAW is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | VEEAW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VEEAW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VEEAW is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 49.07 | NEUTRAL | The RSI value for VEEAW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests VEEAW has a positive trend. |
| Stochastics (14,3) | 26.8 | NEUTRAL | The Stochastics value for VEEAW is a neutral value. |
| Average True Range in percent/ATR (20) | 21.93 | HIGH VOLATILITY | The high ATR as a percentage value for VEEAW suggests high volalility. |
| Average Directional Index/ADX (14) | 19 | NEGATIVE | The low ADX value for VEEAW suggests a weak or negative trend. |
0.0701
+0.01 (+19.02%)
PLUM ACQUISITION I A -CW28 / VEEAW FAQ
Can you provide the ChartMill technical rating for PLUM ACQUISITION I A -CW28?
ChartMill assigns a technical rating of 1 / 10 to VEEAW.
Can you provide the trend direction for PLUM ACQUISITION I A -CW28?
The current trend direction for PLUM ACQUISITION I A -CW28 (VEEAW) is Bearish.
What is the RSI signal for VEEAW stock?
PLUM ACQUISITION I A -CW28 (VEEAW) has an RSI value of 49.0665. This indicates that the stock is currently neutral.
What is the short term momentum for PLUM ACQUISITION I A -CW28 (VEEAW) stock?
The short term momentum for PLUM ACQUISITION I A -CW28 (VEEAW) is negative.
What is the buy/sell signal for VEEAW stock?
The buy/sell signal for PLUM ACQUISITION I A -CW28 (VEEAW) is sell as both the short term and long term trends are negative.