CHENGHE ACQUISITION CO-A (CHEA) Stock Technical Analysis
NASDAQ:CHEA - Nasdaq - KYG2086M1078 - Common Stock - Currency: USD
Taking everything into account, CHEA scores 0 out of 10 in our technical rating. CHEA 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, CHEA is a bad performer in the overall market: 95% of all stocks are doing better.
CHEA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CHEA is lagging the market.
In the last month CHEA has a been trading in the 4.70 - 12.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
The technical rating of CHEA is bad and it also does not present a quality setup 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
5.52
11.01
We found 1 important resistance area.
- Resistance @10.90 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 CHEA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHEA is down. |
| ChartMill Relative Strength | 5.37 | NEGATIVE | CHEA has a low relative strength, it was outperformed by 94.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHEA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHEA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHEA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.35 | NEUTRAL | The RSI value for CHEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests CHEA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.79 | OVERSOLD | The low Stochastics value suggests CHEA may be oversold. |
| Average True Range in percent/ATR (20) | 24.76 | HIGH VOLATILITY | The high ATR as a percentage value for CHEA suggests high volalility. |
| Average Directional Index/ADX (14) | 54.13 | POSITIVE | The high ADX value value for CHEA 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)
5.58
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-10.86%
2 Weeks-46.86%
1 Month-49.41%
3 Month-48.95%
6 Month-48.32%
12 Month-45.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.89
ATR(20)%24.76%
ATR Inc-67.06%
Range Today0.59
ADR(20)1.1
ADR(20)%19.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.37
Mansfield-5.36
10 Day High11.63
10 Day Low4.7
20 Day High12.15
20 Day Low4.7
52 Week High12.15
52 Week Low4.7
CS1 EndN/A
CR1 Start10.9
Volume & EV
DER(3)1%
DER(5)3.06%
Volume42.20K
Volume Incr-93.91%
Vol(5)60.08K
Vol(50)438.44K