WILLOW LANE ACQUISITION-CL A (WLAC) Stock Technical Analysis
USA - NASDAQ:WLAC - KYG9675P1028 - Common Stock
We assign a technical rating of 5 out of 10 to WLAC. WLAC was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
Although the technical rating is only medium, WLAC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.06, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.87
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.84 to 12.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.49 from a trend line in the daily time frame.
- Support @9.97 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.11 to 12.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.41 to 12.69. 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 | UP | POSITIVE | The long term trend for WLAC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WLAC is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | WLAC 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 WLAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WLAC is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 45.13 | NEUTRAL | The RSI value for WLAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests WLAC has a negative trend. |
| Stochastics (14,3) | 40.56 | NEUTRAL | The Stochastics value for WLAC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for WLAC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.74 | NEGATIVE | The low ADX value for WLAC suggests a weak or negative trend. |
12.07
-0.61 (-4.81%)
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 5 / 10 to WLAC.
Can you provide the trend direction for WILLOW LANE ACQUISITION-CL A?
The current trend direction for WILLOW LANE ACQUISITION-CL A (WLAC) is Bullish.
Can you provide the RSI signal for WILLOW LANE ACQUISITION-CL A?
WILLOW LANE ACQUISITION-CL A (WLAC) has an RSI value of 45.131. This indicates that the stock is currently neutral.
What is the short term momentum for WLAC stock?
The short term momentum for WILLOW LANE ACQUISITION-CL A (WLAC) is neutral.
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 12.06 and a resistance level at 12.11. Check the full technical report for our detailed analysis of WLAC support and resistance levels.