Technical Analysis for EMLDU - FTAC Emerald Acquisition Corp. - Unit

Grade Last Price % Change Price Change
B 11.30 2.08% 0.23
EMLDU closed up 2.08 percent on Friday, May 31, 2024, on 1.73 times normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Gilligan's Island Sell Setup Bearish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
New 52 Week High Strength 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup 2.08%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.08%
Calm After Storm Range Contraction 2.08%

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Profile

FTAC Emerald Acquisition Corp. - Unit, a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities.
Classification

Sector: Financial Services
Industry: Shell Companies
Keywords: Private Equity Mergers And Acquisitions Special Purpose Acquisition Company

Is EMLDU a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 14.1
52 Week Low 9.8
Average Volume 4,210
200-Day Moving Average 10.23
50-Day Moving Average 10.64
20-Day Moving Average 10.93
10-Day Moving Average 11.18
Average True Range 0.65
RSI (14) 57.08
ADX 42.43
+DI 57.91
-DI 14.69
Chandelier Exit (Long, 3 ATRs) 12.14
Chandelier Exit (Short, 3 ATRs) 11.91
Upper Bollinger Bands 11.93
Lower Bollinger Band 9.93
Percent B (%b) 0.68
BandWidth 18.32
MACD Line 0.23
MACD Signal Line 0.18
MACD Histogram 0.046
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.52
Resistance 3 (R3) 15.98 15.04 14.81
Resistance 2 (R2) 15.04 13.97 14.81 14.58
Resistance 1 (R1) 13.17 13.30 12.70 12.71 14.34
Pivot Point 12.23 12.23 12.00 12.00 12.23
Support 1 (S1) 10.36 11.16 9.89 9.90 8.26
Support 2 (S2) 9.42 10.49 9.19 8.02
Support 3 (S3) 7.55 9.42 7.79
Support 4 (S4) 7.09