Technical Analysis for FRLAU - Fortune Rise Acquisition Corporation - Units

Grade Last Price % Change Price Change
A 11.50 5.02% 0.55
FRLAU closed up 5.02 percent on Friday, April 19, 2024, on 88 percent of normal volume. The bulls were able to push the stock to a new 52-week high.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong N/A Up Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
New 52 Week Closing High Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week High Strength 0.00%
Gapped Up Strength 0.00%
Boomer Buy Setup Bullish Swing Setup 5.02%
Narrow Range Bar Range Contraction 5.02%
Calm After Storm Range Contraction 5.02%
Narrow Range Bar Range Contraction 5.02%
Fell Below 20 DMA Bearish 5.02%

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Profile

Fortune Rise Acquisition Corporation - 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 FRLAU 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 11.5
52 Week Low 9.695
Average Volume 648
200-Day Moving Average 0.00
50-Day Moving Average 10.82
20-Day Moving Average 11.11
10-Day Moving Average 11.20
Average True Range 0.12
RSI (14) 69.14
ADX 72.42
+DI 52.66
-DI 16.17
Chandelier Exit (Long, 3 ATRs) 11.13
Chandelier Exit (Short, 3 ATRs) 11.09
Upper Bollinger Bands 11.61
Lower Bollinger Band 10.61
Percent B (%b) 0.89
BandWidth 9.01
MACD Line 0.11
MACD Signal Line 0.13
MACD Histogram -0.0171
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.50
Resistance 3 (R3) 11.50 11.50 11.50
Resistance 2 (R2) 11.50 11.50 11.50 11.50
Resistance 1 (R1) 11.50 11.50 11.50 11.50 11.50
Pivot Point 11.50 11.50 11.50 11.50 11.50
Support 1 (S1) 11.50 11.50 11.50 11.50 11.50
Support 2 (S2) 11.50 11.50 11.50 11.50
Support 3 (S3) 11.50 11.50 11.50
Support 4 (S4) 11.50