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ALSET CAPITAL ACQUISITI-CL A (ACAX) Stock Technical Analysis

NASDAQ:ACAX - Nasdaq - US02115M1099 - Common Stock - Currency: USD

3.82  -6.48 (-62.91%)

After market: 4.1 +0.28 (+7.33%)

Technical Rating and Analysis

0

Overall ACAX gets a technical rating of 0 out of 10. ACAX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, ACAX is a bad performer in the overall market: 97% of all stocks are doing better.
ACAX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month ACAX has a been trading in the 2.96 - 12.70 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: ACAX has an average volume of 14722 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Weekly and Daily overview Charts
ALSET CAPITAL ACQUISITI-CL A / ACAX Weekly stock chart
ALSET CAPITAL ACQUISITI-CL A / ACAX Daily stock chart
Setup Rating and Analysis

1

The technical rating of ACAX 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.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.48
Mansfield-6.69
10 Day High10.8
10 Day Low2.96
20 Day High12.7
20 Day Low2.96
52 Week High15.04
52 Week Low2.96
Performance
1 Week-63.96%
2 Weeks-63.62%
1 Month-63.79%
3 Month-63.65%
6 Month-62.91%
12 Month-61.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.46
RSI(14)10.49
LBB6.54
UBB13.44
ALSET CAPITAL ACQUISITI-CL A / ACAX Daily stock chart

ALSET CAPITAL ACQUISITI-CL A

NASDAQ:ACAX (1/8/2024, 8:00:00 PM)

After market: 4.1 +0.28 (+7.33%)

3.82

-6.48 (-62.91%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-62.91%
1 Week-63.96%
2 Weeks-63.62%
1 Month-63.79%
3 Month-63.65%
6 Month-62.91%
12 Month-61.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%17.21%
ATR Inc1775.66%
Range Today1.83
ADR(20)0.3
ADR(20)%7.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.48
Mansfield-6.69
10 Day High10.8
10 Day Low2.96
20 Day High12.7
20 Day Low2.96
52 Week High15.04
52 Week Low2.96
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-4.73%
DER(5)-6.59%
Volume507.50K
Volume Incr1831.82%
Vol(5)102.00K
Vol(50)14.72K