ASTREA ACQUISITION CORP-CL A (ASAX) Stock Technical Analysis
NASDAQ:ASAX - Nasdaq - US04637C1062 - Common Stock - Currency: USD
Taking everything into account, ASAX scores 6 out of 10 in our technical rating. Although ASAX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
In the last month ASAX has a been trading in the 9.71 - 10.90 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, ASAX did better than 72% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ASAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASAX is lagging the market.
Considerably lower volume is observed in the last couple of days.
ASAX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.05, a Stop Loss order could be placed below this zone.
More info and screens
9.65
10.21
When analyzing the support we notice one important area.
- A support zone ranging from 9.75 to 10.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.09 to 10.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.97
Mansfield0.92
10 Day High10.91
10 Day Low9.72
20 Day High10.91
20 Day Low9.72
52 Week High10.91
52 Week Low8.17
Performance
1 Week-0.2%
2 Weeks0.05%
1 Month0.55%
3 Month2.44%
6 Month3.07%
12 Month1.92%
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)-0.01
RSI(14)59.47
LBB9.97
UBB10.14
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.12 | 9.71 | 0.41 (4.10%) | 24.39% |
| An entry @10.12. This is a Buy Stop order right above the resistance zone. | An exit @9.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.41 points, which is 4.10%. | When investing 24.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NASDAQ:ASAX (12/29/2022, 8:17:30 PM)
10.08
+0.09 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.9%
1 Week-0.2%
2 Weeks0.05%
1 Month0.55%
3 Month2.44%
6 Month3.07%
12 Month1.92%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.99%
ATR Inc-66.22%
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
CRS72.97
Mansfield0.92
10 Day High10.91
10 Day Low9.72
20 Day High10.91
20 Day Low9.72
52 Week High10.91
52 Week Low8.17
CS1 End10.05
CR1 Start10.09
Volume & EV
DER(3)-2.3%
DER(5)-3.87%
Volume7.20K
Volume Incr-92%
Vol(5)10.02K
Vol(50)84.44K