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 May 14, 2024, ACBA stock price climbed to $12.23 with 222 million shares trading.

ACBA has a market cap of $41.96 million. This is considered a Sub-Micro Cap stock.

ACBA has underperformed the market in the last year with a price return of +10.0% while the SPY ETF gained +28.8%. ACBA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.1% and +1.2%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

ACBA support price is $12.00 and resistance is $12.18 (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.