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Stock Trend Analysis Report

Prepared for you on Monday, May 17, 2021.

Ignyte Acquisition Corp. (NASDAQ:IGNY)

Bull Market Weakness (+75) - IGNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IGNY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid IGNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for IGNY.

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NASDAQ_IGNY
Open High Low IGNY Price Change
9.8000 9.8600 9.7001 9.8600 +0.0050
Entry Signal

MarketClub’s Trade Triangles for IGNY

long term up The long-term trend has been UP since Apr 15th, 2021 at 9.870

intermediate term down The intermediate-term trend has been DOWN since Apr 27th, 2021 at 9.680

short term up The short-term trend has been UP since May 12th, 2021 at 9.855

Smart Scan Analysis for IGNY

Based on our trend formula, IGNY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for IGNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.8000 9.8600 9.7001 9.8600 +0.0050
Prev. Close Volume Bid Ask Time
9.8600 800 2021-05-12 12:21:14
52wk High9.9852wk High Date2021-04-15
52wk Low9.5852wk Low Date2021-03-30
Average Volume22,096Shares Outstanding7,288
Assets107,000MLiabilities80,310M
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