ATLANTIC AVENUE ACQUISI-CL A (ASAQ)

US04906P1012 - Common Stock

10.03  0 (0%)

Technical Rating and Analysis

10

Taking everything into account, ASAQ scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ASAQ has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ASAQ did better than 86% of all other stocks. On top of that, ASAQ also shows a nice and consistent pattern of rising prices.
ASAQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASAQ is lagging the market.
In the last month ASAQ has a been trading in a tight range between 9.99 and 10.51.

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Weekly and Daily overview Charts
ASAQ Weekly chart
ASAQ Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, ASAQ also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.02, 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.

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Support and Resistance Analysis

9.56

10.17

When analyzing the support we notice one important area.

  • A support zone ranging from 9.66 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 10.03 to 10.07. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS86.83
Mansfield1.38
10 Day High10.51
10 Day Low10
20 Day High10.51
20 Day Low9.99
52 Week High10.51
52 Week Low9.78
Performance
1 Week-0.2%
2 Weeks0.2%
1 Month0.3%
3 Month1.11%
6 Month1.62%
12 Month2.35%
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)58.68
LBB9.99
UBB10.06

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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
10.089.990.09 (0.89%)25.00%
An entry @10.08. This is a Buy Stop order right above the resistance zone.An exit @9.99. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.09 points, which is 0.89%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%.

  • 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.

More info and screens

ASAQ Daily chart

ATLANTIC AVENUE ACQUISI-CL A

NYSE:ASAQ (10/5/2022, 8:19:40 PM)

10.03

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.2%
2 Weeks0.2%
1 Month0.3%
3 Month1.11%
6 Month1.62%
12 Month2.35%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.05
ATR(20)%0.42%
ATR Inc
Range Today0.01
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High10.51
10 Day Low10
20 Day High10.51
20 Day Low9.99
52 Week High10.51
52 Week Low9.78
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume141.30K
Volume Incr30.43%
Vol(5)49.10K
Vol(50)71.34K