ANGHAMI INC (ANGH) Stock Technical Analysis
NASDAQ:ANGH - Nasdaq - KYG0369L1014 - Common Stock - Currency: USD
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: 89% of all stocks are doing better.
ANGH is part of the Entertainment industry. There are 71 other stocks in this industry, of which 75% are performing better than ANGH.
ANGH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ANGH is lagging the market.
Warning: ANGH has an average volume of 17638 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ANGH has a been trading in the 0.42 - 0.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ANGH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.55
0.89
When analyzing the resistance we notice 6 important areas.
- Resistance @0.56 from a trend line in the daily time frame.
- Resistance @0.59 from a horizontal line in the daily time frame.
- A resistance zone ranging from 0.62 to 0.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.64 to 0.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @0.74 from a horizontal line in the daily time frame.
- Resistance @0.88 from a horizontal line in the daily time frame.
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 | 11.78 | NEGATIVE | ANGH has a low relative strength, it was outperformed by 88.22% 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) | 47.23 | NEUTRAL | The RSI value for ANGH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ANGH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.91 | NEUTRAL | The Stochastics value for ANGH is a neutral value. |
| Average True Range in percent/ATR (20) | 9.62 | HIGH VOLATILITY | The high ATR as a percentage value for ANGH suggests high volalility. |
| Average Directional Index/ADX (14) | 38.38 | POSITIVE | The high ADX value value for ANGH suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.56
+0.03 (+5.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg5.64%
1 Week-5.08%
2 Weeks1.82%
1 Month-12.5%
3 Month-18.25%
6 Month-27.18%
12 Month-49.55%
2 Year-50.88%
3 Year-90.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%9.62%
ATR Inc-55.35%
Range Today0.03
ADR(20)0.05
ADR(20)%8.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.78
Mansfield-3.07
10 Day High0.6
10 Day Low0.5
20 Day High0.65
20 Day Low0.42
52 Week High1.14
52 Week Low0.42
CS1 EndN/A
CR1 Start0.56
Volume & EV
DER(3)-8.41%
DER(5)-9.9%
Volume1.80K
Volume Incr-16.77%
Vol(5)10.30K
Vol(50)17.64K