Technical Analysis for CNDA - Concord Acquisition Corp II

Grade Last Price % Change Price Change
B 10.75 2.38% 0.25
CNDA closed up 2.38 percent on Wednesday, September 4, 2024, on 3 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The bears made the stock sink to a new 52-week low.
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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
New Downtrend Bearish 0.00%
Slingshot Bearish Bearish Swing Setup 0.00%
200 DMA Support Bullish 0.00%
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Centerline Cross Bullish 0.00%
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Reversal New Highs Setup Bullish Swing Setup 0.00%

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Profile

Concord Acquisition Corp is a blank check company. The Company is formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company may pursue a merger opportunity in any industry or sector. The Company intends to identity acquire and manage a business in the Financial Services and Financial Technology sectors, including payments, enterprise software and data analytics. The company was incorporated in 2021 and is based in New York, New York.
Classification

Keywords: Private Equity Mergers And Acquisitions Special Purpose Acquisition Company Reverse Takeover Enterprise Software

Is CNDA 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 10.9
52 Week Low 10.07
Average Volume 134,174
200-Day Moving Average 10.45
50-Day Moving Average 10.56
20-Day Moving Average 10.53
10-Day Moving Average 10.53
Average True Range 0.07
RSI (14) 75.19
ADX 25.39
+DI 6.28
-DI 50.90
Chandelier Exit (Long, 3 ATRs) 10.55
Chandelier Exit (Short, 3 ATRs) 10.27
Upper Bollinger Bands 10.64
Lower Bollinger Band 10.42
Percent B (%b) 1.52
BandWidth 2.06
MACD Line 0.01
MACD Signal Line -0.01
MACD Histogram 0.016
Fundamentals Value
Market Cap 158.01 Million
Num Shares 14.7 Million
EPS 0.25
Price-to-Earnings (P/E) Ratio 43.00
Price-to-Sales 0.00
Price-to-Book 1.62
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.77
Resistance 3 (R3) 11.66 11.20 11.60
Resistance 2 (R2) 11.20 10.94 11.26 11.54
Resistance 1 (R1) 10.98 10.78 11.09 11.09 11.49
Pivot Point 10.52 10.52 10.58 10.58 10.52
Support 1 (S1) 10.30 10.26 10.41 10.41 10.01
Support 2 (S2) 9.84 10.10 9.90 9.96
Support 3 (S3) 9.62 9.84 9.90
Support 4 (S4) 9.73