ACBA Stock Summary and Trading Ideas (Ace Global Business Acquisition Limited - | NASDAQ:ACBA)

Ace Global Business Acquisition Ltd is a newly organized blank check company.

Ace Global Business Acquisition Limited - trades on the NASDAQ stock market under the symbol ACBA.

As of April 18, 2024, ACBA stock price declined to $12.10 with 105 million shares trading.

ACBA has a market cap of $41.52 million. This is considered a Sub-Micro Cap stock.

ACBA has underperformed the market in the last year with a return of +11.0%, while the SPY ETF gained +22.3%. In the last 3 month period, ACBA fell short of the market, returning +1.9%, while SPY returned +6.1%. However, in the most recent 2 weeks ACBA has outperformed the stock market by returning +0.5%, while SPY returned -3.8%.

ACBA support price is $12.16 and resistance is $12.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACBA stock will trade within this expected range on the day.