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PINE ISLAND ACQUISITION-CL A (PIPP) Stock Technical Analysis

NYSE:PIPP - New York Stock Exchange, Inc. - US7226151014 - Common Stock - Currency: USD

10.03  0 (0%)

After market: 10.03 0 (0%)

Technical Rating and Analysis

10

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

PIPP is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PIPP is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by PIPP over the past year are nicely spread over this period.
In the last month PIPP has a been trading in a tight range between 9.97 and 10.04.

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Weekly and Daily overview Charts
PINE ISLAND ACQUISITION-CL A / PIPP Weekly stock chart
PINE ISLAND ACQUISITION-CL A / PIPP Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, PIPP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.02, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

9.58

10.15

We found 1 important support area.

  • A support zone ranging from 9.68 to 10.02. 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 10.04 to 10.05. 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
CRS85.39
Mansfield1.13
10 Day High10.04
10 Day Low10.01
20 Day High10.04
20 Day Low9.97
52 Week High11.01
52 Week Low9.74
Performance
1 Week0.2%
2 Weeks0.3%
1 Month0.5%
3 Month1.21%
6 Month1.64%
12 Month2.24%
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)69.62
LBB9.98
UBB10.04

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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
10.0610.000.06 (0.60%)25.00%
An entry @10.06. This is a Buy Stop order right above the resistance zone.An exit @10.00. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.06 points, which is 0.60%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%.

  • 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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PINE ISLAND ACQUISITION-CL A / PIPP Daily stock chart

PINE ISLAND ACQUISITION-CL A

NYSE:PIPP (10/27/2022, 8:04:01 PM)

After market: 10.03 0 (0%)

10.03

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.2%
2 Weeks0.3%
1 Month0.5%
3 Month1.21%
6 Month1.64%
12 Month2.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.15%
ATR Inc-39.13%
Range Today0.01
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
CRS85.39
Mansfield1.13
10 Day High10.04
10 Day Low10.01
20 Day High10.04
20 Day Low9.97
52 Week High11.01
52 Week Low9.74
CS1 End10.02
CR1 Start10.04
Volume & EV
DER(3)0%
DER(5)0.21%
Volume290.90K
Volume Incr-36.87%
Vol(5)164.75K
Vol(50)164.94K