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Alberton Acquisition Corporation (ALAC) Stock Technical Analysis

NASDAQ:ALAC - Nasdaq - VGG350061088 - Common Stock

12.02  +0.01 (+0.08%)

After market: 12.03 +0.01 (+0.08%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to ALAC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALAC is showing a nice and steady performance.

Warning: ALAC has an average volume of 22582 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ALAC is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by ALAC over the past year are nicely spread over this period.
ALAC is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month ALAC has a been trading in a tight range between 11.94 and 12.11.

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Weekly and Daily overview Charts
Alberton Acquisition Corporation / ALAC Weekly stock chart
Alberton Acquisition Corporation / ALAC Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, ALAC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.02, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

10.68

12.20

4 important support areas can be observed.

  • A support zone ranging from 11.91 to 12.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @11.43 from a trend line in the weekly time frame.
  • Strong support @11.13 from a horizontal line in the daily time frame.
  • Support @10.79 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 12.03 to 12.08. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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
CRS86.37
Mansfield0.77
10 Day High12.07
10 Day Low11.97
20 Day High12.11
20 Day Low11.94
52 Week High12.11
52 Week Low10.97
Performance
1 Week0%
2 Weeks0%
1 Month0.33%
3 Month1.95%
6 Month3.89%
12 Month7.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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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)

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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
RSI(14)53.79
LBB11.98
UBB12.06

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
12.0911.960.13 (1.10%)25.00%
An entry @12.09. This is a Buy Stop order right above the resistance zone.An exit @11.96. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.13 points, which is 1.10%.For a 0.27% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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Alberton Acquisition Corporation / ALAC Daily stock chart

Alberton Acquisition Corporation

NASDAQ:ALAC (4/25/2022, 8:08:46 PM)

After market: 12.03 +0.01 (+0.08%)

12.02

+0.01 (+0.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.08%
1 Week0%
2 Weeks0%
1 Month0.33%
3 Month1.95%
6 Month3.89%
12 Month7.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.35%
ATR Inc-45.51%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.37
Mansfield0.77
10 Day High12.07
10 Day Low11.97
20 Day High12.11
20 Day Low11.94
52 Week High12.11
52 Week Low10.97
CS1 End12.02
CR1 Start12.03
Volume & EV
DER(3)2.63%
DER(5)2.35%
Volume78.40K
Volume Incr-41.98%
Vol(5)26.70K
Vol(50)22.58K