Technical Analysis for FNVTU - Finnovate Acquisition Corp. - Units

Grade Last Price % Change Price Change
B 11.11 0.00% 0.00
FNVTU closed unchanged on Tuesday, April 30, 2024, on 0 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Strong but Oversold Other 0.00%
Strong, Oversold and Reversal Signs Reversal 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.98%
Calm After Storm Range Contraction -0.98%

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Profile

Finnovate Acquisition Corp. - Units, 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 Reverse Takeover

Is FNVTU 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 13.2
52 Week Low 9.93
Average Volume 1,290
200-Day Moving Average 10.55
50-Day Moving Average 11.11
20-Day Moving Average 11.59
10-Day Moving Average 11.44
Average True Range 0.42
RSI (14) 45.65
ADX 32.81
+DI 18.41
-DI 44.16
Chandelier Exit (Long, 3 ATRs) 11.95
Chandelier Exit (Short, 3 ATRs) 12.22
Upper Bollinger Bands 12.87
Lower Bollinger Band 10.31
Percent B (%b) 0.31
BandWidth 22.11
MACD Line 0.03
MACD Signal Line 0.15
MACD Histogram -0.1236
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.11
Resistance 3 (R3) 11.11 11.11 11.11
Resistance 2 (R2) 11.11 11.11 11.11 11.11
Resistance 1 (R1) 11.11 11.11 11.11 11.11 11.11
Pivot Point 11.11 11.11 11.11 11.11 11.11
Support 1 (S1) 11.11 11.11 11.11 11.11 11.11
Support 2 (S2) 11.11 11.11 11.11 11.11
Support 3 (S3) 11.11 11.11 11.11
Support 4 (S4) 11.11