Stock Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Ignyte Acquisition Corp. - Unit (NASDAQ:IGNYU)
Countertrend Up (+85) - IGNYU 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 IGNYU?
MarketClub looks at technical strength and momentum to determine if the timing is right for IGNYU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IGNYU
The long-term trend has been UP since Jul 21st, 2021 at 10.205
The intermediate-term trend has been UP since Oct 12th, 2021 at 10.050
The short-term trend has been UP since Sep 27th, 2021 at 10.030
Smart Scan Analysis for IGNYU
Based on our trend formula, IGNYU is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||10.88||52wk High Date||2021-02-22|
|52wk Low||9.9411||52wk Low Date||2021-06-23|