ANGH Technical Analysis - ANGHAMI INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ANGH. ANGH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, ANGH is a bad performer in the overall market: 100% of all stocks are doing better.

ANGH is one of the lesser performing stocks in the Entertainment industry. 89% of 80 stocks in the same industry do better.

ANGH is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

ANGH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

ANGH has an average volume of 1103190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ANGH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ANGH in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.88

3.41

When analyzing the support we notice one important area.

Support @2.91 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @3.31 from a horizontal line in the weekly time frame.
Resistance @3.38 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for ANGH is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ANGH is down.
ChartMill Relative Strength	0.07	NEGATIVE	ANGH has a low relative strength, it was outperformed by 99.93% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ANGH is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ANGH is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ANGH is below a declining SMA(200).
Relative Strength Index/RSI (14)	27.87	OVERSOLD	The low RSI value suggests ANGH may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.65	POSITIVE	The MACD value suggests ANGH has a positive trend, although the MACD value is declining.
Stochastics (14,3)	25.36	NEUTRAL	The Stochastics value for ANGH is a neutral value.
Average True Range in percent/ATR (20)	6.58	HIGH VOLATILITY	The high ATR as a percentage value for ANGH suggests high volalility.
Average Directional Index/ADX (14)	33.91	POSITIVE	The high ADX value value for ANGH suggests a strong trend.