ABRI SPAC I INC (ASPA) Stock Technical Analysis
NASDAQ:ASPA - Nasdaq - US00085X1054 - Common Stock - Currency: USD
Taking everything into account, ASPA scores 8 out of 10 in our technical rating. In the last year, ASPA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
A new 52 week high is currently being made by ASPA, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so ASPA is leading the market.
In the last month ASPA has a been trading in the 8.70 - 38.40 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that ASPA is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ASPA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
9.72
27.32
2 important support areas can be observed.
- Support @10.22 from a horizontal line in the daily time frame.
- A support zone ranging from 9.82 to 9.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.58
Mansfield15.14
10 Day High38.4
10 Day Low8.7
20 Day High38.4
20 Day Low8.7
52 Week High38.4
52 Week Low8.7
Performance
1 Week149.32%
2 Weeks148.99%
1 Month147.03%
3 Month152.8%
6 Month169.15%
12 Month173.79%
2 Year174.9%
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)1.09
RSI(14)93.25
LBB3.83
UBB20.48
NASDAQ:ASPA (10/25/2023, 8:00:00 PM)
27.05
+14.45 (+114.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg114.68%
1 Week149.32%
2 Weeks148.99%
1 Month147.03%
3 Month152.8%
6 Month169.15%
12 Month173.79%
2 Year174.9%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.73
ATR(20)%7.11%
ATR Inc3530.75%
Range Today15.05
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
CRS99.58
Mansfield15.14
10 Day High38.4
10 Day Low8.7
20 Day High38.4
20 Day Low8.7
52 Week High38.4
52 Week Low8.7
CS1 End10.22
CR1 StartN/A
Volume & EV
DER(3)1.51%
DER(5)-1.16%
Volume2.02M
Volume Incr9873.15%
Vol(5)430.84K
Vol(50)50.10K