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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IGNY
The long-term trend has been UP since Apr 15th, 2021 at 9.870
The intermediate-term trend has been DOWN since Apr 27th, 2021 at 9.680
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).
|52wk High||9.98||52wk High Date||2021-04-15|
|52wk Low||9.58||52wk Low Date||2021-03-30|
|Average Volume||22,096||Shares Outstanding||7,288|