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Southport Acquisition Corp
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Let's analyse Southport Acquisition Corp together

PenkeI guess you are interested in Southport Acquisition Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Southport Acquisition Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Southport Acquisition Corp (30 sec.)










What can you expect buying and holding a share of Southport Acquisition Corp? (30 sec.)

How much money do you get?

How much money do you get?
$0.05
When do you have the money?
1 year
How often do you get paid?
27.3%

What is your share worth?

Current worth
$1.72
Expected worth in 1 year
$-4.67
How sure are you?
72.7%

+ What do you gain per year?

Total Gains per Share
$-6.35
Return On Investment
-58.8%

For what price can you sell your share?

Current Price per Share
$10.80
Expected price per share
$10.70 - $12.00
How sure are you?
50%

1. Valuation of Southport Acquisition Corp (5 min.)




Live pricePrice per Share (EOD)

$10.80

2. Growth of Southport Acquisition Corp (5 min.)




Is Southport Acquisition Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$42m$222.1m-$33.9m-18.0%

How much money is Southport Acquisition Corp making?

Current yearPrevious yearGrowGrow %
Making money$3.2m$5.6m-$2.4m-77.7%
Net Profit Margin0.0%0.0%--

How much money comes from the company's main activities?

3. Financial Health of Southport Acquisition Corp (5 min.)




4. Comparing to competitors in the Shell Companies industry (5 min.)




  Industry Rankings (Shell Companies)  


Richest
#73 / 220

Most Revenue
#217 / 220

Most Profit
#25 / 220

Most Efficient
#151 / 220

What can you expect buying and holding a share of Southport Acquisition Corp? (5 min.)

Welcome investor! Southport Acquisition Corp's management wants to use your money to grow the business. In return you get a share of Southport Acquisition Corp.

What can you expect buying and holding a share of Southport Acquisition Corp?

First you should know what it really means to hold a share of Southport Acquisition Corp. And how you can make/lose money.

Speculation

The Price per Share of Southport Acquisition Corp is $10.80. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Southport Acquisition Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Southport Acquisition Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $1.72. Based on the TTM, the Book Value Change Per Share is $-1.60 per quarter. Based on the YOY, the Book Value Change Per Share is $2.03 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.01 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Southport Acquisition Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.000.0%0.060.6%0.161.5%0.080.8%0.080.8%
Usd Book Value Change Per Share-6.54-60.6%-1.60-14.8%2.0318.8%0.161.5%0.161.5%
Usd Dividend Per Share0.000.0%0.010.1%0.000.0%0.010.1%0.010.1%
Usd Total Gains Per Share-6.54-60.6%-1.59-14.7%2.0318.8%0.161.5%0.161.5%
Usd Price Per Share10.56-10.42-7.48-6.51-6.51-
Price to Earnings Ratio-6,124.36--1,503.15-20.79--539.04--539.04-
Price-to-Total Gains Ratio-1.61-242.42--21.71-129.22-129.22-
Price to Book Ratio6.13-2.47-0.94-1.24-1.24-
Price-to-Total Gains Ratio-1.61-242.42--21.71-129.22-129.22-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share10.8
Number of shares92
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share-1.600.16
Usd Total Gains Per Share-1.590.16
Gains per Quarter (92 shares)-146.0514.92
Gains per Year (92 shares)-584.2059.68
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
14-588-59425850
28-1177-11784115110
313-1765-17626173170
417-2354-23468231230
521-2942-293010288290
625-3531-351412346350
730-4119-409814404410
834-4707-468216461470
938-5296-526618519530
1042-5884-585020577590

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%7.04.00.063.6%7.04.00.063.6%7.04.00.063.6%7.04.00.063.6%
Book Value Change Per Share2.01.01.050.0%7.03.01.063.6%7.03.01.063.6%7.03.01.063.6%7.03.01.063.6%
Dividend per Share2.00.02.050.0%3.00.08.027.3%3.00.08.027.3%3.00.08.027.3%3.00.08.027.3%
Total Gains per Share3.01.00.075.0%8.03.00.072.7%8.03.00.072.7%8.03.00.072.7%8.03.00.072.7%

Fundamentals of Southport Acquisition Corp

About Southport Acquisition Corp

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals. Southport Acquisition Corporation was incorporated in 2021 and is based in Del Mar, California.

Fundamental data was last updated by Penke on 2024-03-19 04:25:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is fair priced.

1.1. Profitability of Southport Acquisition Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Southport Acquisition Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Southport Acquisition Corp to the Shell Companies industry mean.
  • A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Southport Acquisition Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ--86.2%+86.2%
TTM--13.2%+13.2%
YOY--68.1%+68.1%
5Y--26.8%+26.8%
10Y--29.1%+29.1%
1.1.2. Return on Assets

Shows how efficient Southport Acquisition Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Southport Acquisition Corp to the Shell Companies industry mean.
  • 0.7% Return on Assets means that Southport Acquisition Corp generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Southport Acquisition Corp:

  • The MRQ is 0.7%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 1.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ0.7%TTM1.3%-0.7%
TTM1.3%YOY2.4%-1.1%
TTM1.3%5Y1.2%+0.1%
5Y1.2%10Y1.2%0.0%
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7%0.1%+0.6%
TTM1.3%0.3%+1.0%
YOY2.4%0.2%+2.2%
5Y1.2%-0.5%+1.7%
10Y1.2%-0.5%+1.7%
1.1.3. Return on Equity

Shows how efficient Southport Acquisition Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Southport Acquisition Corp to the Shell Companies industry mean.
  • 3.9% Return on Equity means Southport Acquisition Corp generated $0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Southport Acquisition Corp:

  • The MRQ is 3.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.2%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.9%TTM2.2%+1.8%
TTM2.2%YOY2.3%-0.1%
TTM2.2%5Y-0.1%+2.2%
5Y-0.1%10Y-0.1%0.0%
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ3.9%0.7%+3.2%
TTM2.2%0.6%+1.6%
YOY2.3%0.5%+1.8%
5Y-0.1%-0.8%+0.7%
10Y-0.1%-0.7%+0.6%

1.2. Operating Efficiency of Southport Acquisition Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Southport Acquisition Corp is operating .

  • Measures how much profit Southport Acquisition Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Southport Acquisition Corp to the Shell Companies industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Southport Acquisition Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ--103.5%+103.5%
TTM--23.0%+23.0%
YOY--200.3%+200.3%
5Y--33.1%+33.1%
10Y--44.8%+44.8%
1.2.2. Operating Ratio

Measures how efficient Southport Acquisition Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Shell Companies industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Southport Acquisition Corp:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.873-1.873
TTM-1.116-1.116
YOY-2.140-2.140
5Y-0.666-0.666
10Y-0.926-0.926

1.3. Liquidity of Southport Acquisition Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Southport Acquisition Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Shell Companies industry mean).
  • A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Southport Acquisition Corp:

  • The MRQ is 0.002. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.131. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.002TTM0.131-0.129
TTM0.131YOY1.370-1.238
TTM0.1315Y0.565-0.433
5Y0.56510Y0.5650.000
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0020.062-0.060
TTM0.1310.255-0.124
YOY1.3702.373-1.003
5Y0.5651.963-1.398
10Y0.5651.832-1.267
1.3.2. Quick Ratio

Measures if Southport Acquisition Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Southport Acquisition Corp to the Shell Companies industry mean.
  • A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Southport Acquisition Corp:

  • The MRQ is 0.002. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 49.266. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ0.002TTM49.266-49.264
TTM49.266YOY58.182-8.917
TTM49.2665Y39.091+10.175
5Y39.09110Y39.0910.000
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0020.179-0.177
TTM49.2660.715+48.551
YOY58.1822.991+55.191
5Y39.0913.956+35.135
10Y39.0914.007+35.084

1.4. Solvency of Southport Acquisition Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Southport Acquisition Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Southport Acquisition Corp to Shell Companies industry mean.
  • A Debt to Asset Ratio of 0.83 means that Southport Acquisition Corp assets are financed with 82.7% credit (debt) and the remaining percentage (100% - 82.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Southport Acquisition Corp:

  • The MRQ is 0.827. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.213. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.827TTM0.213+0.614
TTM0.213YOY0.060+0.154
TTM0.2135Y0.356-0.142
5Y0.35610Y0.3560.000
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8270.283+0.544
TTM0.2130.199+0.014
YOY0.0600.065-0.005
5Y0.3560.310+0.046
10Y0.3560.314+0.042
1.4.2. Debt to Equity Ratio

Measures if Southport Acquisition Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Southport Acquisition Corp to the Shell Companies industry mean.
  • A Debt to Equity ratio of 478.6% means that company has $4.79 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Southport Acquisition Corp:

  • The MRQ is 4.786. The company is unable to pay all its debts with equity. -1
  • The TTM is 1.203. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ4.786TTM1.203+3.583
TTM1.203YOY0.034+1.170
TTM1.2035Y5.750-4.547
5Y5.75010Y5.7500.000
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
MRQ4.7860.242+4.544
TTM1.2030.201+1.002
YOY0.0340.054-0.020
5Y5.7500.965+4.785
10Y5.7500.976+4.774

2. Market Valuation of Southport Acquisition Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Southport Acquisition Corp generates.

  • Above 15 is considered overpriced but always compare Southport Acquisition Corp to the Shell Companies industry mean.
  • A PE ratio of -6,124.36 means the investor is paying $-6,124.36 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Southport Acquisition Corp:

  • The EOD is -6,263.552. Based on the earnings, the company is expensive. -2
  • The MRQ is -6,124.362. Based on the earnings, the company is expensive. -2
  • The TTM is -1,503.146. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6,263.552MRQ-6,124.362-139.190
MRQ-6,124.362TTM-1,503.146-4,621.216
TTM-1,503.146YOY20.786-1,523.932
TTM-1,503.1465Y-539.040-964.106
5Y-539.04010Y-539.0400.000
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
EOD-6,263.552-0.027-6,263.525
MRQ-6,124.362-0.870-6,123.492
TTM-1,503.1465.382-1,508.528
YOY20.786-3.983+24.769
5Y-539.040-4.479-534.561
10Y-539.040-4.416-534.624
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Southport Acquisition Corp:

  • The EOD is 23.910. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 23.379. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 34.199. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD23.910MRQ23.379+0.531
MRQ23.379TTM34.199-10.821
TTM34.199YOY-221.022+255.222
TTM34.1995Y-67.936+102.135
5Y-67.93610Y-67.9360.000
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
EOD23.910-76.743+100.653
MRQ23.379-77.828+101.207
TTM34.199-150.309+184.508
YOY-221.022-292.021+70.999
5Y-67.936-212.676+144.740
10Y-67.936-211.728+143.792
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Southport Acquisition Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Shell Companies industry mean).
  • A PB ratio of 6.13 means the investor is paying $6.13 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Southport Acquisition Corp:

  • The EOD is 6.265. Based on the equity, the company is overpriced. -1
  • The MRQ is 6.126. Based on the equity, the company is overpriced. -1
  • The TTM is 2.475. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD6.265MRQ6.126+0.139
MRQ6.126TTM2.475+3.651
TTM2.475YOY0.943+1.532
TTM2.4755Y1.243+1.232
5Y1.24310Y1.2430.000
Compared to industry (Shell Companies)
PeriodCompanyIndustry (mean)+/- 
EOD6.2652.301+3.964
MRQ6.1262.292+3.834
TTM2.4752.067+0.408
YOY0.9431.242-0.299
5Y1.2431.458-0.215
10Y1.2431.497-0.254
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Southport Acquisition Corp.

3.1. Institutions holding Southport Acquisition Corp

Institutions are holding 46.569% of the shares of Southport Acquisition Corp.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-09-30Castle Creek Arbitrage, LLC7.07071.738870000000
2023-09-30RiverNorth Capital Management, LLC7.07070.3833700000-5036-0.7143
2023-12-31Radcliffe Group Inc4.80590.677747579100
2023-12-31Sandia Investment Management LP4.54543.291450000-250000-35.7143
2023-12-31Periscope Capital Inc.3.73730.663837000012000048
2023-12-31Exos TFP Holdings LLC2.65441.72412627832627830
2023-12-31COWEN AND COMPANY, LLC2.02020.1395200000108268118.0264
2023-12-31ATW SPAC MANAGEMENT LLC2.02023.03592000002000000
2023-12-31BOOTHBAY FUND MANAGEMENT, LLC2.02020.05432000002000000
2023-12-31Walleye Trading Advisors, LLC1.65660.0037164000100000156.25
2023-12-31JPMorgan Chase & Co0.7980.000179000790000
2023-12-31Spartan Fund Management Inc.0.48270.623947791477910
2023-12-31Tuttle Capital Management, LLC0.4042.961440000400000
2023-09-30Walleye Trading LLC0.36360.00136000-72000-66.6667
2023-12-31Robinson Capital Management, Inc.0.33280.12493294319754149.7763
2023-12-31Virtu Financial LLC0.2420.020223959692340.6375
2023-12-31Toroso Investments LLC0.13010.003212877128770
2023-12-31FLOW TRADERS U.S. LLC0.11170.003611056110560
2023-12-31CLEAR STREET LLC0.00350.0001347-2350-87.1339
2023-12-31Kepos Capital LP000-244745-100
Total 40.4715.45054006547+634321+15.8%

3.2. Funds holding Southport Acquisition Corp

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-02-29Accelerate Arbitrage ETF0.64632.58666398800
2024-02-29SPAC and New Issue ETF0.4043.3874000000
2024-02-29Robinson Alternative Yld Pr-Mrgr SPACETF0.1260.79351247700
2023-12-31Robinson Opportunistic Income Instl0.1010.908610000100000
2024-02-29Pender Alternative Arbitrage Plus Cl I0.01340.1249132413240
2024-02-29Pender Alternative Arbitrage Cl FF0.01050.0716103610360
Total 1.30127.8722128825+12360+9.6%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Southport Acquisition Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---6.544-1.599-76%2.029-423%0.157-4276%0.157-4276%
Book Value Per Share--1.7246.612-74%7.778-78%5.233-67%5.233-67%
Current Ratio--0.0020.131-98%1.370-100%0.565-100%0.565-100%
Debt To Asset Ratio--0.8270.213+288%0.060+1289%0.356+132%0.356+132%
Debt To Equity Ratio--4.7861.203+298%0.034+14158%5.750-17%5.750-17%
Dividend Per Share---0.011-100%0.004-100%0.005-100%0.005-100%
Eps--0.0000.064-101%0.160-100%0.081-101%0.081-101%
Free Cash Flow Per Share--0.1130.081+39%-0.010+109%0.042+166%0.042+166%
Free Cash Flow To Equity Per Share---7.981-1.946-76%2.041-491%0.051-15637%0.051-15637%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap57921588.000-345%257664158.400287947289.600-11%213044375.000+21%182178787.127+41%182178787.127+41%
Net Profit Margin----0%-0%-0%-0%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio6.265+2%6.1262.475+148%0.943+550%1.243+393%1.243+393%
Pe Ratio-6263.552-2%-6124.362-1503.146-75%20.786-29564%-539.040-91%-539.040-91%
Price Per Share10.800+2%10.56010.415+1%7.475+41%6.505+62%6.505+62%
Price To Free Cash Flow Ratio23.910+2%23.37934.199-32%-221.022+1045%-67.936+391%-67.936+391%
Price To Total Gains Ratio-1.650-2%-1.614242.422-101%-21.708+1245%129.224-101%129.224-101%
Quick Ratio--0.00249.266-100%58.182-100%39.091-100%39.091-100%
Return On Assets--0.0070.013-49%0.024-72%0.012-45%0.012-45%
Return On Equity--0.0390.022+82%0.023+72%-0.001+102%-0.001+102%
Total Gains Per Share---6.544-1.587-76%2.033-422%0.162-4135%0.162-4135%
Usd Book Value--42061952.000188207556.250-78%222147077.000-81%149226125.091-72%149226125.091-72%
Usd Book Value Change Per Share---6.544-1.599-76%2.029-423%0.157-4276%0.157-4276%
Usd Book Value Per Share--1.7246.612-74%7.778-78%5.233-67%5.233-67%
Usd Dividend Per Share---0.011-100%0.004-100%0.005-100%0.005-100%
Usd Eps--0.0000.064-101%0.160-100%0.081-101%0.081-101%
Usd Free Cash Flow--2755348.0002212189.000+25%-266449.000+110%900163.909+206%900163.909+206%
Usd Free Cash Flow Per Share--0.1130.081+39%-0.010+109%0.042+166%0.042+166%
Usd Free Cash Flow To Equity Per Share---7.981-1.946-76%2.041-491%0.051-15637%0.051-15637%
Usd Market Cap57921588.000-345%257664158.400287947289.600-11%213044375.000+21%182178787.127+41%182178787.127+41%
Usd Price Per Share10.800+2%10.56010.415+1%7.475+41%6.505+62%6.505+62%
Usd Profit--1657247.0003203544.000-48%5693139.250-71%3234766.273-49%3234766.273-49%
Usd Revenue----0%-0%-0%-0%
Usd Total Gains Per Share---6.544-1.587-76%2.033-422%0.162-4135%0.162-4135%
 EOD+2 -6MRQTTM+7 -24YOY+9 -225Y+9 -2210Y+9 -22

4.2. Fundamental Score

Let's check the fundamental score of Southport Acquisition Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-6,263.552
Price to Book Ratio (EOD)Between0-16.265
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.002
Current Ratio (MRQ)Greater than10.002
Debt to Asset Ratio (MRQ)Less than10.827
Debt to Equity Ratio (MRQ)Less than14.786
Return on Equity (MRQ)Greater than0.150.039
Return on Assets (MRQ)Greater than0.050.007
Total1/10 (10.0%)

4.3. Technical Score

Let's check the technical score of Southport Acquisition Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.320
Ma 20Greater thanMa 5010.850
Ma 50Greater thanMa 10010.751
Ma 100Greater thanMa 20010.687
OpenGreater thanClose10.800
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Net Income from Continuing Operations  1,3061,7793,08503,085-1,9011,184-1,195-11
Net Income Applicable to Common Shares  1,3061,7793,08503,085-1,9011,184-1,195-11



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets243,375
Total Liabilities201,314
Total Stockholder Equity42,062
 As reported
Total Liabilities 201,314
Total Stockholder Equity+ 42,062
Total Assets = 243,375

Assets

Total Assets243,375
Total Current Assets461
Long-term Assets242,914
Total Current Assets
Cash And Cash Equivalents 461
Total Current Assets  (as reported)461
Total Current Assets  (calculated)461
+/-0
Long-term Assets
Long-term Assets Other 242,914
Long-term Assets  (as reported)242,914
Long-term Assets  (calculated)242,914
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities200,386
Long-term Liabilities928
Total Stockholder Equity42,062
Total Current Liabilities
Accounts payable 272
Other Current Liabilities 200,114
Total Current Liabilities  (as reported)200,386
Total Current Liabilities  (calculated)200,386
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)928
Long-term Liabilities  (calculated)0
+/- 928
Total Stockholder Equity
Common Stock45,220
Retained Earnings -3,158
Total Stockholder Equity (as reported)42,062
Total Stockholder Equity (calculated)42,062
+/-0
Other
Capital Stock44,123
Cash and Short Term Investments 461
Common Stock Shares Outstanding 24,400
Liabilities and Stockholders Equity 243,375
Net Debt -461
Net Invested Capital 40,410
Net Tangible Assets -3,712
Net Working Capital -2,459



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-31
> Total Assets 
312
312
775
236,635
235,797
235,895
236,533
238,263
238,263
240,625
243,375
243,375240,625238,263238,263236,533235,895235,797236,635775312312
   > Total Current Assets 
25
25
24
2,034
1,076
961
533
278
278
115
461
4611152782785339611,0762,034242525
       Cash And Cash Equivalents 
25
25
24
1,951
531
473
173
51
51
17
461
4611751511734735311,951242525
       Short-term Investments 
0
0
0
234,601
0
0
0
0
237,985
0
0
00237,9850000234,601000
       Net Receivables 
0
0
0
84
0
0
0
0
0
0
0
000000084000
       Other Current Assets 
0
0
0
84
545
488
359
228
228
99
3
39922822835948854584000
   > Long-term Assets 
287
287
750
234,601
234,722
234,934
236,000
237,985
237,985
240,510
242,914
242,914240,510237,985237,985236,000234,934234,722234,601750287287
       Other Assets 
287
0
0
234,601
234,722
234,934
236,000
237,985
0
242,914
44,123
44,123242,9140237,985236,000234,934234,722234,60100287
> Total Liabilities 
289
289
752
26,290
15,082
11,809
3,090
1,735
1,735
2,913
201,314
201,3142,9131,7351,7353,09011,80915,08226,290752289289
   > Total Current Liabilities 
289
289
752
1,024
668
822
746
1,208
1,208
1,844
200,386
200,3861,8441,2081,2087468226681,024752289289
       Short-term Debt 
0
0
60
0
0
0
0
0
0
0
0
000000006000
       Short Long Term Debt 
0
0
60
0
0
0
0
0
0
0
0
000000006000
       Accounts payable 
0
0
0
15
18
155
70
98
98
162
272
2721629898701551815000
       Other Current Liabilities 
289
289
692
1,009
651
178
316
429
1,110
1,682
200,114
200,1141,6821,1104293161786511,009692289289
   > Long-term Liabilities 
0
0
0
25,266
14,414
10,987
2,344
527
527
1,069
928
9281,0695275272,34410,98714,41425,266000
       Warrants
0
0
0
0
234,623
234,934
472,000
0
475,969
481,020
0
0481,020475,9690472,000234,934234,6230000
       Other Liabilities 
0
0
0
259,867
249,037
245,921
238,344
238,512
0
46,147
45,376
45,37646,1470238,512238,344245,921249,037259,867000
> Total Stockholder Equity
23
23
23
-24,256
220,715
224,086
233,442
236,528
236,528
237,712
42,062
42,062237,712236,528236,528233,442224,086220,715-24,256232323
   Common Stock
1
1
1
234,601
234,624
234,935
236,000
1
237,985
240,510
45,220
45,220240,510237,9851236,000234,935234,624234,601111
   Retained Earnings -3,158-2,798-1,457-1,457-2,558-10,849-13,909-24,256-2-2-2
   Capital Surplus 00000000000
   Treasury Stock00000000000
   Other Stockholders Equity 
24
24
24
-234,601
-470,420
-470,828
-472,532
0
0
-240,625
336
336-240,62500-472,532-470,828-470,420-234,601242424



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue0
Cost of Revenue--
Gross Profit-0
 
Operating Income (+$)
Gross Profit-
Operating Expense-1,137
Operating Income-1,137-1,137
 
Operating Expense (+$)
Research Development-
Selling General Administrative849
Selling And Marketing Expenses-
Operating Expense1,137849
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-0
Net Interest Income-
 
Pretax Income (+$)
Operating Income-1,137
Net Interest Income-
Other Non-Operating Income Expenses-
Income Before Tax (EBT)7,533-10,333
EBIT - interestExpense = 0
5,917
5,917
Interest Expense-
Earnings Before Interest and Taxes (EBIT)-7,533
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax7,533
Tax Provision-1,616
Net Income From Continuing Ops5,9175,917
Net Income5,917
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net9,1960
 

Technical Analysis of Southport Acquisition Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Southport Acquisition Corp. The general trend of Southport Acquisition Corp is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Southport Acquisition Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Southport Acquisition Corp.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 12.00.

The bearish price targets are: 10.72 > 10.72 > 10.70.

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Southport Acquisition Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Southport Acquisition Corp. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Southport Acquisition Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Southport Acquisition Corp. The current macd is 0.03745657.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Southport Acquisition Corp price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Southport Acquisition Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Southport Acquisition Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Southport Acquisition Corp Daily Moving Average Convergence/Divergence (MACD) ChartSouthport Acquisition Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Southport Acquisition Corp. The current adx is 51.97.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Southport Acquisition Corp shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Southport Acquisition Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Southport Acquisition Corp. The current sar is 11.89.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Southport Acquisition Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Southport Acquisition Corp. The current rsi is 48.32. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Southport Acquisition Corp Daily Relative Strength Index (RSI) ChartSouthport Acquisition Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Southport Acquisition Corp. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Southport Acquisition Corp price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Southport Acquisition Corp Daily Stochastic Oscillator ChartSouthport Acquisition Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Southport Acquisition Corp. The current cci is -38.80503985.

Southport Acquisition Corp Daily Commodity Channel Index (CCI) ChartSouthport Acquisition Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Southport Acquisition Corp. The current cmo is -9.79891208.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Southport Acquisition Corp Daily Chande Momentum Oscillator (CMO) ChartSouthport Acquisition Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Southport Acquisition Corp. The current willr is -93.75.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Southport Acquisition Corp Daily Williams %R ChartSouthport Acquisition Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Southport Acquisition Corp.

Southport Acquisition Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Southport Acquisition Corp. The current atr is 0.13659951.

Southport Acquisition Corp Daily Average True Range (ATR) ChartSouthport Acquisition Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Southport Acquisition Corp. The current obv is 5,834,604.

Southport Acquisition Corp Daily On-Balance Volume (OBV) ChartSouthport Acquisition Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Southport Acquisition Corp. The current mfi is 95.96.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Southport Acquisition Corp Daily Money Flow Index (MFI) ChartSouthport Acquisition Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Southport Acquisition Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-01WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-03MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.

6.3. Candlestick Patterns

Southport Acquisition Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Southport Acquisition Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.320
Ma 20Greater thanMa 5010.850
Ma 50Greater thanMa 10010.751
Ma 100Greater thanMa 20010.687
OpenGreater thanClose10.800
Total3/5 (60.0%)
Penke

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