ACBAW Stock Summary and Trading Ideas (Ace Global Business Acquisition Limited - Warrant | :ACBAW)

Ace Global Business Acquisition Limited - Warrant trades on the stock market under the symbol ACBAW.

As of March 31, 2023, ACBAW stock price was flat at $0.04 with million shares trading.

ACBAW has a market cap of $0.00. This is considered a Sub-Micro Cap stock.

ACBAW has underperformed the market in the last year with a price return of -69.6% while the SPY ETF lost -9.9%. However, in the short term, ACBAW had mixed performance relative to the market. It has outperformed in the last 3 months, returning +36.7% vs +6.8% return in SPY. But in the last 2 weeks, ACBAW shares have been beat by the market, returning -22.7% compared to an SPY return of +3.5%.

ACBAW support price is $.04 and resistance is $.05 (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 ACBAW stock will trade within this expected range on the day.