WILLOW LANE ACQUISITION-CL A (WLAC) Technical Analysis
NASDAQ:WLAC • KYG9675P1028
Current stock price
WLAC Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to WLAC. In the last year, WLAC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month WLAC has a been trading in the 10.63 - 12.95 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.
- When compared to the yearly performance of all other stocks, WLAC outperforms 67% of them, which is more or less in line with the market.
- WLAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WLAC is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WLAC Weekly and Daily overview Charts
WLAC Setup Rating and Analysis
WLAC has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
WLAC Support and Resistance Analysis
10.53
2 important support areas can be observed.
- A support zone ranging from 10.86 to 11.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.09 to 13.10. This zone is formed by a combination of multiple trend lines in the weekly time frame.
WLAC Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for WLAC is up. |
| ChartMill Relative Strength | 67.06 | NEUTRAL | WLAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WLAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WLAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WLAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 85.03 | OVERBOUGHT | The high RSI value suggests WLAC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests WLAC has a positive trend. |
| Stochastics (14,3) | 87.82 | OVERBOUGHT | The high Stochastics value suggests WLAC may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for WLAC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.03 | POSITIVE | The high ADX value value for WLAC suggests a strong trend. |
WLAC Chart- and CandleStick Pattern Analysis
WLAC Technicals: Chart, Performance Metrics, Trend & Indicators
12.95
+0.67 (+5.46%)
WILLOW LANE ACQUISITION-CL A / WLAC TA FAQ
Can you provide the ChartMill technical rating for WILLOW LANE ACQUISITION-CL A?
ChartMill assigns a technical rating of 6 / 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.
What is the RSI signal for WLAC stock?
WILLOW LANE ACQUISITION-CL A (WLAC) has an RSI value of 85.0295. This indicates that the stock is currently overbought.
What is the MACD signal for WLAC stock?
The MACD indicator for WILLOW LANE ACQUISITION-CL A (WLAC) has a value of 0.216653, indicating a bearish trend.
Can you provide the support and resistance levels for WILLOW LANE ACQUISITION-CL A?
WILLOW LANE ACQUISITION-CL A (WLAC) has a support level at 11.13 and a resistance level at 13.09. Check the full technical report for our detailed analysis of WLAC support and resistance levels.