Technical Analysis for MCAC - Monterey Capital Acquisition Corporation

Grade Last Price % Change Price Change
F 7.01 -15.03% -1.24
MCAC closed down 15.03 percent on Thursday, July 11, 2024, on 30 percent of normal volume. The bears made the stock sink to a new 52-week low. 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
Very Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%

   Recent Intraday Alerts

Alert Time
Down 10% about 6 hours ago
Down 5% about 10 hours ago
Down 3% about 10 hours ago
Fell Below Previous Day's Low about 10 hours ago
Down 2 % about 10 hours ago

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Profile

Monterey Capital Acquisition Corporation, 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

Is MCAC 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 12.47
52 Week Low 6.575
Average Volume 137,519
200-Day Moving Average 10.85
50-Day Moving Average 11.05
20-Day Moving Average 10.73
10-Day Moving Average 10.15
Average True Range 0.40
RSI (14) 1.96
ADX 56.05
+DI 6.16
-DI 77.52
Chandelier Exit (Long, 3 ATRs) 11.27
Chandelier Exit (Short, 3 ATRs) 7.77
Upper Bollinger Bands 13.15
Lower Bollinger Band 8.30
Percent B (%b) -0.27
BandWidth 45.22
MACD Line -0.69
MACD Signal Line -0.26
MACD Histogram -0.4322
Fundamentals Value
Market Cap 51.71 Million
Num Shares 7.38 Million
EPS -2.35
Price-to-Earnings (P/E) Ratio -2.98
Price-to-Sales 0.00
Price-to-Book 1.39
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.15
Resistance 3 (R3) 9.24 8.62 8.79
Resistance 2 (R2) 8.62 8.08 8.57 8.67
Resistance 1 (R1) 7.82 7.74 7.51 7.72 8.55
Pivot Point 7.20 7.20 7.04 7.15 7.20
Support 1 (S1) 6.39 6.65 6.08 6.30 5.47
Support 2 (S2) 5.77 6.31 5.72 5.35
Support 3 (S3) 4.97 5.77 5.23
Support 4 (S4) 4.87