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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 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.
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MarketClub’s Trade Triangles for RRAC
The long-term trend has been UP since Aug 3rd, 2022 at 10.00
The intermediate-term trend has been UP since Jun 6th, 2022 at 9.95
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.26 | 11.27 | 11.26 | 11.26 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.26 | 3408 | 2024-05-07 15:25:39 |
| 52wk High | 11.39 | 52wk High Date | 2024-04-16 |
| 52wk Low | 10.57 | 52wk Low Date | 2023-05-09 |
| Average Volume | 172,809 | Shares Outstanding | 32,070 |
| Assets | 270,793,898M | Liabilities | 25,633,026M |
| P/E Ratio | 25.5349 |