CHENGHE ACQUISITION CO-A (CHEA) Technical Analysis
NASDAQ:CHEA • KYG2086M1078
Current stock price
CHEA Technical Rating and Analysis
Overall CHEA gets a technical rating of 0 out of 10. 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.
- 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, 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- 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.
CHEA Weekly and Daily overview Charts
CHEA Setup Rating and Analysis
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
CHEA Support and Resistance Analysis
5.52
We found 1 important resistance area.
- Resistance @10.90 from a horizontal line in the daily time frame.
CHEA Technical Indicator Signal Analysis
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. |
CHEA Chart- and CandleStick Pattern Analysis
CHEA Technicals: Chart, Performance Metrics, Trend & Indicators
5.58
0 (0%)
CHENGHE ACQUISITION CO-A / CHEA TA FAQ
What is the ChartMill technical rating of CHENGHE ACQUISITION CO-A (CHEA) stock?
ChartMill assigns a technical rating of 0 / 10 to CHEA.
What is the trend direction for CHEA stock?
The current trend direction for CHENGHE ACQUISITION CO-A (CHEA) is Bearish.
What is the RSI signal for CHEA stock?
CHENGHE ACQUISITION CO-A (CHEA) has an RSI value of 31.3546. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CHENGHE ACQUISITION CO-A?
The short term momentum for CHENGHE ACQUISITION CO-A (CHEA) is negative.
Can you provide the support and resistance levels for CHENGHE ACQUISITION CO-A?
CHENGHE ACQUISITION CO-A (CHEA) has a resistance level at 10.9. Check the full technical report for our detailed analysis of CHEA support and resistance levels.