COHEN CIRCLE ACQUISITION COR (CCIR) Stock Technical Analysis
NASDAQ:CCIR - Nasdaq - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CCIR. CCIR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, CCIR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CCIR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.83
We found 1 important support area.
- A support zone ranging from 10.94 to 11.26. 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 11.55 to 11.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
11.54
+0.14 (+1.23%)