FLAME ACQUISITION CL A -CW28 (SOC.W)

13  -0.8 (-5.8%)

Technical Rating and Analysis

7

Taking everything into account, SOC.W scores 7 out of 10 in our technical rating. Although SOC.W is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, SOC.W is a bad performer in the overall market: 100% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
In the last month SOC.W has a been trading in the 8.91 - 17.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
SOC.W Weekly chart
SOC.W Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, SOC.W also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 12.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SOC.W 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.

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Support and Resistance Analysis

11.97

13.95

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 12.79 to 12.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @12.09 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • Resistance @13.81 from a horizontal line in the daily time frame.

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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
CRS0
Mansfield-30
10 Day High14.73
10 Day Low10.85
20 Day High17.1
20 Day Low8.91
52 Week HighN/A
52 Week LowN/A
Performance
1 Week3.59%
2 Weeks21.5%
1 Month26.58%
3 Month182.61%
6 Month409.8%
12 MonthN/A
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)-0.18
RSI(14)57.49
LBB10.35
UBB15.97

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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
13.8212.781.04 (7.53%)13.29%
An entry @13.82. This is a Buy Stop order right above the resistance zone.An exit @12.78. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.04 points, which is 7.53%.When investing 13.29% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of SOC.W. Please evaluate whether better entry and exit points can be found.
  • 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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SOC.W Daily chart

FLAME ACQUISITION CL A -CW28

NYSE:SOC.W (10/4/2024, 8:04:01 PM)

13

-0.8 (-5.8%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.8%
1 Week3.59%
2 Weeks21.5%
1 Month26.58%
3 Month182.61%
6 Month409.8%
12 MonthN/A
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.78
ATR(20)%12.87%
ATR Inc
Range Today1.88
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 High14.73
10 Day Low10.85
20 Day High17.1
20 Day Low8.91
52 Week HighN/A
52 Week LowN/A
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume78.60K
Volume Incr-77.44%
Vol(5)55.78K
Vol(50)146.77K