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Stock Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

Rigel Resource Acquisition Corp. Class A Ordinary Shares (NYSE:RRAC)

Long-Term Uptrend (+90) - RRAC is in a strong uptrend that is likely to continue. While RRAC is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_RRAC
Open High Low RRAC Price Change
11.305 11.305 11.305 11.305 0.000
Entry Signal

MarketClub’s Trade Triangles for RRAC

long term up The long-term trend has been UP since Aug 3rd, 2022 at 10.00

intermediate term up The intermediate-term trend has been UP since Jun 6th, 2022 at 9.95

short term up The short-term trend has been UP since May 6th, 2024 at 11.26

Smart Scan Analysis for RRAC

Based on our trend formula, RRAC is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for RRAC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.305 11.305 11.305 11.305 0.000
Prev. Close Volume Bid Ask Time
11.305 125 2024-06-14 15:59:27
52wk High11.452wk High Date2024-05-28
52wk Low10.6852wk Low Date2023-06-22
Average Volume62,547Shares Outstanding32,070
Assets274,856,889MLiabilities20,800,179M
P/E Ratio85.6439
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