Technical Analysis for FRLAU - Fortune Rise Acquisition Corporation - Units

Grade Last Price % Change Price Change
A 11.50 0.00% 0.00
FRLAU closed unchanged on Monday, May 13, 2024, on 85 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up

Date Alert Name Type % Chg
Boomer Buy Setup Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
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%

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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 669
200-Day Moving Average 10.35
50-Day Moving Average 10.86
20-Day Moving Average 11.18
10-Day Moving Average 11.25
Average True Range 0.11
RSI (14) 69.04
ADX 69.74
+DI 52.66
-DI 16.17
Chandelier Exit (Long, 3 ATRs) 11.18
Chandelier Exit (Short, 3 ATRs) 11.04
Upper Bollinger Bands 11.66
Lower Bollinger Band 10.71
Percent B (%b) 0.83
BandWidth 8.55
MACD Line 0.14
MACD Signal Line 0.13
MACD Histogram 0.0117
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