GPAC Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

General Purpose Acquisition Corp (GPAC) Moving Averages Convergence Divergence (MACD) indicator is -0.11, suggesting GPAC is Strong Sell.

General Purpose Acquisition Corp (GPAC) 20-Day simple moving average is 11.28, while General Purpose Acquisition Corp (GPAC) share price is $9.92, making it Sell.

General Purpose Acquisition Corp (GPAC) 60-Day simple moving average is 11.19, while General Purpose Acquisition Corp (GPAC) share price is $9.92, making it Sell.

Technical Analysis for GPAC

Technical Sentiment Analysis for General Purpose Acquisition Corp (GPAC) As of 2024-07-08, General Purpose Acquisition Corp (GPAC) is exhibiting a Strong Sell technical sentiment. Our proprietary analysis, which aggregates 23 technical signals, shows that 3 indicators are flashing buy, while 20 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GPAC stands at 35.29, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.11, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 26.54 and the Commodity Channel Index (CCI) at -210.53 further confirm a -1.59 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, GPAC is trading above its 60-day moving average of $11.19 and above its 200-day long-term moving average of $10.88. Key price levels to watch include the immediate resistance at $11.72 and strong support at $8.33. A break above $11.72 could signal a bull continuation, while falling below $8.33 may test the next Fibonacci floor at $6.93.

General Purpose Acquisition Corp (GPAC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	4.94	6.93	8.33	10.32	11.72	13.71	15.11
Fibonacci	6.93	8.22	9.02	10.32	11.61	12.41	13.71

General Purpose Acquisition Corp (GPAC) Technical Indicators

2024-07-08

Name	Value
RSI_14	35.29
STOCHk_14_3_3	26.54
STOCHd_14_3_3	29.53
CCI_20	-210.53
AO_5_34	-0.41
MOM_10	-1.59
MACD_12_26_9	-0.11

General Purpose Acquisition Corp (GPAC) Relative Strength Index (RSI) is 35.29, creating a Neutral signal.

General Purpose Acquisition Corp (GPAC) Stochastic Oscillator is 26.54, creating a Neutral signal.

General Purpose Acquisition Corp (GPAC) Stochastic RSI is 29.53, creating a Neutral signal.

General Purpose Acquisition Corp (GPAC) Commodity Channel Index (CCI) is -210.53, creating a Buy signal.

General Purpose Acquisition Corp (GPAC) Awesome Oscillator is -0.41, creating a Sell signal.

General Purpose Acquisition Corp (GPAC) Momentum is -1.59, creating a Sell signal.

General Purpose Acquisition Corp (GPAC) MACD is -0.11, creating a Sell signal.

General Purpose Acquisition Corp (GPAC) Moving Average

2024-07-08

Period	Simple	Signal
MA_5	10.98	Sell
MA_10	11.12	Sell
MA_20	11.28	Sell
MA_60	11.19	Sell
MA_200	10.88	Sell
MA_250	10.75	Sell

General Purpose Acquisition Corp (GPAC) 5-Day simple moving average is 10.98, while General Purpose Acquisition Corp (GPAC) share price is $9.92, making it a Sell.

General Purpose Acquisition Corp (GPAC) 10-Day simple moving average is 11.12, while General Purpose Acquisition Corp (GPAC) share price is $9.92, making it a Sell.

General Purpose Acquisition Corp (GPAC) 20-Day simple moving average is 11.28, while General Purpose Acquisition Corp (GPAC) share price is $9.92, making it a Sell.

General Purpose Acquisition Corp (GPAC) 60-Day simple moving average is 11.19, while General Purpose Acquisition Corp (GPAC) share price is $9.92, making it a Sell.

General Purpose Acquisition Corp (GPAC) 200-Day simple moving average is 10.88, while General Purpose Acquisition Corp (GPAC) share price is $9.92, making it a Sell.

General Purpose Acquisition Corp (GPAC) 250-Day simple moving average is 10.75, while General Purpose Acquisition Corp (GPAC) share price is $9.92, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for GPAC?

The overall technical consensus for General Purpose Acquisition Corp (GPAC) is currently Strong Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 14 sell signals.

What are the key support and resistance levels for General Purpose Acquisition Corp (GPAC) today?

Based on pivot point calculations, General Purpose Acquisition Corp (GPAC) has an immediate support level at 8.33 and a major resistance level at 11.72. Traders also monitor the pivot point at 10.32 to determine the intraday trend direction.

Is General Purpose Acquisition Corp (GPAC) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for General Purpose Acquisition Corp (GPAC) is currently 35.29. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for General Purpose Acquisition Corp (GPAC)?

General Purpose Acquisition Corp (GPAC) Moving Averages Convergence Divergence (MACD) indicator is -0.11, suggesting GPAC is Strong Sell. This indicator helps identify potential trend reversals or momentum shifts for General Purpose Acquisition Corp.

How is General Purpose Acquisition Corp (GPAC) performing relative to its 200-day moving average?

General Purpose Acquisition Corp (GPAC) is currently trading at $9.92, which is below its 200-day simple moving average of 10.88. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.