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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Fortune Rise Acquisition Corporation - Class A (NASDAQ:FRLA)
Countertrend Up (+85) - FRLA is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid FRLA?
MarketClub looks at technical strength and momentum to determine if the timing is right for FRLA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FRLA
The long-term trend has been UP since Jan 11th, 2022 at 9.95
The intermediate-term trend has been UP since May 8th, 2024 at 11.19
The short-term trend has been UP since May 2nd, 2024 at 11.18
Smart Scan Analysis for FRLA
Based on our trend formula, FRLA is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.2000 | 11.2000 | 11.1950 | 11.1996 | +0.0046 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.1950 | 1268 | 2024-05-09 10:31:21 |
| 52wk High | 11.8 | 52wk High Date | 2023-06-14 |
| 52wk Low | 10.67 | 52wk Low Date | 2023-06-02 |
| Average Volume | 50,898 | Shares Outstanding | 6,272 |
| Assets | 34,970,714M | Liabilities | 9,184,936M |
| P/E Ratio | -73.00000000 |