FOCUS IMPACT BH3 ACQUISITION (BHAC) Stock Technical Analysis
NASDAQ:BHAC - Nasdaq - US22677T1025 - Common Stock - Currency: USD
Taking everything into account, BHAC scores 0 out of 10 in our technical rating. BHAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BHAC is a bad performer in the overall market: 75% of all stocks are doing better.
BHAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
BHAC 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.
Warning: BHAC has an average volume of 15892 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
BHAC has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.23
10.89
We found 1 important support area.
- A support zone ranging from 10.33 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.59 to 10.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 BHAC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BHAC is down. |
| ChartMill Relative Strength | 25.63 | NEGATIVE | BHAC has a low relative strength, it was outperformed by 74.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BHAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BHAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BHAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.66 | NEUTRAL | The RSI value for BHAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BHAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.79 | NEUTRAL | The Stochastics value for BHAC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for BHAC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.81 | NEGATIVE | The low ADX value for BHAC suggests a weak or negative 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)
NASDAQ:BHAC (10/9/2024, 8:00:00 PM)
10.55
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week1.05%
2 Weeks-1.54%
1 Month-6.47%
3 Month-0.28%
6 Month0.76%
12 Month0.67%
2 Year5.71%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.8%
ATR Inc-88.15%
Range Today0
ADR(20)0.16
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.63
Mansfield-1.32
10 Day High10.73
10 Day Low10.11
20 Day High11.75
20 Day Low10.11
52 Week High12.8
52 Week Low10.11
CS1 End10.55
CR1 Start10.59
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-90.74%
Vol(5)1.62K
Vol(50)15.89K