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Stock Trend Analysis Report
Prepared for you on Monday, September 16, 2024.
Melar Acquisition Corp. I - Class A Ordinary Shares (NASDAQ:MACI)
Sidelines Mode (+55) - MACI is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MACI?
MarketClub looks at technical strength and momentum to determine if the timing is right for MACI.
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 MACI
The long-term trend has been UP since Jul 23rd, 2024 at 9.950
The intermediate-term trend has been UP since Sep 5th, 2024 at 9.995
The short-term trend has been DOWN since Sep 12th, 2024 at 9.980
Smart Scan Analysis for MACI
Based on our trend formula, MACI is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.97 | 9.97 | 9.97 | 9.97 | -0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.97 | 101 | 2024-09-13 12:48:53 |
| 52wk High | 10.005 | 52wk High Date | 2024-08-08 |
| 52wk Low | 9.95 | 52wk Low Date | 2024-07-22 |
| Average Volume | 86,318 |