Technical Analysis for SPAX - Robinson Alternative Yield Pre-merger SPAC ETF

Grade Last Price % Change Price Change
C 20.24 -0.29% -0.06
SPAX closed down 0.29 percent on Friday, November 15, 2024, on 1.63 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Flat

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Down Weakness 0.00%
Crossed Above 20 DMA Bullish -0.29%
Narrow Range Bar Range Contraction -0.29%
Gapped Up Strength -0.29%
Narrow Range Bar Range Contraction -0.04%
Down 3 Days in a Row Weakness -0.04%
Down 4 Days in a Row Weakness -0.04%

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Profile

The Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk. SPAX invests primarily in equity securities, specifically units and shares of common stock and warrants of U.S.-listed SPACs. SPAX expects to invest the majority of its assets in SPACs which are small capitalization companies. The Fund intends to exit any SPAC units, common shares and warrants prior to the completion of a business combination, seeking to minimize downside risk.
Classification

Keywords: Private Equity Special Purpose Acquisition Company Warrant

Top 10 Components

Symbol Grade Price % Change Allocation
AOGO C 0.00 2.97
CNDA F 0.00 2.87
FLD A 0.00 2.60
TGAA C 0.00 2.22
CFFS B 0.00 1.87
ONYX B 0.00 1.79
PRLH A -0.18 1.57
IVCP A 0.00 1.55
BLEU B 0.00 1.36
GHIX F 0.00 1.35

Is SPAX 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 21.0
52 Week Low 19.4288
Average Volume 3,120
200-Day Moving Average 19.95
50-Day Moving Average 20.25
20-Day Moving Average 20.26
10-Day Moving Average 20.31
Average True Range 0.10
RSI (14) 48.19
ADX 19.81
+DI 42.89
-DI 32.78
Chandelier Exit (Long, 3 ATRs) 20.26
Chandelier Exit (Short, 3 ATRs) 20.42
Upper Bollinger Bands 20.40
Lower Bollinger Band 20.12
Percent B (%b) 0.42
BandWidth 1.37
MACD Line 0.01
MACD Signal Line 0.01
MACD Histogram -0.0056
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.29
Resistance 3 (R3) 20.29 20.27 20.28
Resistance 2 (R2) 20.27 20.26 20.27 20.28
Resistance 1 (R1) 20.26 20.26 20.27 20.26 20.27
Pivot Point 20.24 20.24 20.25 20.24 20.24
Support 1 (S1) 20.23 20.23 20.24 20.23 20.21
Support 2 (S2) 20.21 20.23 20.21 20.21
Support 3 (S3) 20.20 20.21 20.20
Support 4 (S4) 20.20