WILLOW LANE ACQUISITION-CL A (WLAC) Stock Technical Analysis
NASDAQ:WLAC • KYG9675P1028
Overall WLAC gets a technical rating of 1 out of 10. WLAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- WLAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- WLAC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, WLAC outperforms 48% of them, which is more or less in line with the market.
Although the technical rating is bad, WLAC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
9.87
We found 3 important support areas.
- Support @11.07 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.73 to 10.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.09 to 11.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.88 to 12.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.68 from a horizontal 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 WLAC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WLAC is down. |
| ChartMill Relative Strength | 48.85 | NEUTRAL | WLAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WLAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WLAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WLAC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.94 | NEUTRAL | The RSI value for WLAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WLAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.98 | OVERSOLD | The low Stochastics value suggests WLAC may be oversold. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for WLAC suggests some volalility. |
| Average Directional Index/ADX (14) | 32.23 | POSITIVE | The high ADX value value for WLAC suggests a strong trend. |
11.08
+0.05 (+0.45%)
WILLOW LANE ACQUISITION-CL A / WLAC FAQ
Can you provide the ChartMill technical rating for WILLOW LANE ACQUISITION-CL A?
ChartMill assigns a technical rating of 1 / 10 to WLAC.
What is the current trend direction of WILLOW LANE ACQUISITION-CL A (WLAC) stock?
The current trend direction for WILLOW LANE ACQUISITION-CL A (WLAC) is Bearish.
Can you provide the RSI signal for WILLOW LANE ACQUISITION-CL A?
WILLOW LANE ACQUISITION-CL A (WLAC) has an RSI value of 34.9361. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WILLOW LANE ACQUISITION-CL A?
The MACD indicator for WILLOW LANE ACQUISITION-CL A (WLAC) has a value of -0.0403821, indicating a bearish trend.
What are the support and resistance levels for WILLOW LANE ACQUISITION-CL A (WLAC) stock?
WILLOW LANE ACQUISITION-CL A (WLAC) has a support level at 11.07 and a resistance level at 11.09. Check the full technical report for our detailed analysis of WLAC support and resistance levels.