Stock Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
The Music Acquisition Corporation Class A (NYSE:TMAC)
Countertrend Up (+85) - TMAC 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 TMAC?
MarketClub looks at technical strength and momentum to determine if the timing is right for TMAC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TMAC
The long-term trend has been UP since Oct 8th, 2021 at 9.79
The intermediate-term trend has been UP since Dec 31st, 2021 at 9.73
The short-term trend has been UP since Dec 31st, 2021 at 9.73
Smart Scan Analysis for TMAC
Based on our trend formula, TMAC is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.95||52wk High Date||2021-06-25|
|52wk Low||9.6||52wk Low Date||2021-08-25|
|Average Volume||140,242||Shares Outstanding||28,750|