BURTECH ACQUISITION CORP-A (BRKH) Stock Technical Analysis
USA - NASDAQ:BRKH - US1230131047 - Common Stock
Taking everything into account, BRKH scores 7 out of 10 in our technical rating. Although BRKH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although BRKH has an excellent technical rating, it does not present a decent entry opportunity 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.
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10.04
3 important support areas can be observed.
- A support zone ranging from 11.40 to 11.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.95 to 11.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.14 to 10.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.67 to 11.67. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for BRKH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRKH is up. |
| ChartMill Relative Strength | 65.4 | NEUTRAL | BRKH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRKH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRKH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BRKH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.32 | OVERBOUGHT | The high RSI value suggests BRKH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BRKH has a positive trend. |
| Stochastics (14,3) | 56.06 | NEUTRAL | The Stochastics value for BRKH is a neutral value. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for BRKH suggests low volalility. |
| Average Directional Index/ADX (14) | 41.15 | POSITIVE | The high ADX value value for BRKH suggests a strong trend. |
NASDAQ:BRKH (12/17/2024, 8:44:49 PM)
11.66
+0.06 (+0.52%)
BURTECH ACQUISITION CORP-A / BRKH FAQ
Can you provide the ChartMill technical rating for BURTECH ACQUISITION CORP-A?
ChartMill assigns a technical rating of 7 / 10 to BRKH.
What is the current trend direction of BURTECH ACQUISITION CORP-A (BRKH) stock?
The current trend direction for BURTECH ACQUISITION CORP-A (BRKH) is Bullish.
Can you provide the RSI signal for BURTECH ACQUISITION CORP-A?
BURTECH ACQUISITION CORP-A (BRKH) has an RSI value of 78.3198. This indicates that the stock is currently overbought.
What is the MACD signal for BURTECH ACQUISITION CORP-A (BRKH) stock?
The MACD indicator for BURTECH ACQUISITION CORP-A (BRKH) has a value of 0.00564382, indicating a bearish trend.
What is the short term momentum for BURTECH ACQUISITION CORP-A (BRKH) stock?
The short term momentum for BURTECH ACQUISITION CORP-A (BRKH) is positive.