We assign a technical rating of 5 out of 10 to CHAC. In the last year, CHAC was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is only medium, CHAC does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.17, a Stop Loss order could be placed below this zone.
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9.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.16 to 11.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.98 to 10.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.51 to 11.65. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CHAC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHAC is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | CHAC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHAC is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 45.5 | NEUTRAL | The RSI value for CHAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CHAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.16 | NEUTRAL | The Stochastics value for CHAC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for CHAC suggests some volalility. |
| Average Directional Index/ADX (14) | 36.15 | POSITIVE | The high ADX value value for CHAC suggests a strong trend. |
11.2
-0.3 (-2.61%)
CRANE HARBOR ACQU CORP - A / CHAC FAQ
Can you provide the ChartMill technical rating for CRANE HARBOR ACQU CORP - A?
ChartMill assigns a technical rating of 5 / 10 to CHAC.
What is the trend direction for CHAC stock?
The current trend direction for CRANE HARBOR ACQU CORP - A (CHAC) is Bullish.
What is the RSI signal for CHAC stock?
CRANE HARBOR ACQU CORP - A (CHAC) has an RSI value of 45.5008. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CRANE HARBOR ACQU CORP - A?
The MACD indicator for CRANE HARBOR ACQU CORP - A (CHAC) has a value of -0.0774265, indicating a bearish trend.