CHENGHE ACQUISITION II CO (CHEB) Stock Technical Analysis
NYSEARCA:CHEB - NYSE Arca - KYG208731086 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CHEB. CHEB performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, CHEB is a bad performer in the overall market: 100% of all stocks are doing better.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month CHEB has a been trading in the 9.30 - 13.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CHEB 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
9.92
10.56
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.22 to 10.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.02 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.29 to 10.46. 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 | UP | POSITIVE | The long term trend for CHEB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHEB is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | CHEB 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 CHEB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CHEB is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 44.71 | NEUTRAL | The RSI value for CHEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CHEB has a negative trend. |
| Stochastics (14,3) | 10.26 | OVERSOLD | The low Stochastics value suggests CHEB may be oversold. |
| Average True Range in percent/ATR (20) | 8.1 | HIGH VOLATILITY | The high ATR as a percentage value for CHEB suggests high volalility. |
| Average Directional Index/ADX (14) | 76.06 | POSITIVE | The high ADX value value for CHEB 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)
NYSEARCA:CHEB (5/23/2025, 9:21:42 PM)
10.23
-0.07 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.68%
1 Week-1.45%
2 Weeks-2.11%
1 Month-1.63%
3 Month0.49%
6 Month1.69%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%8.1%
ATR Inc154.45%
Range Today1.64
ADR(20)0.81
ADR(20)%7.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High12.94
10 Day Low9.95
20 Day High13.7
20 Day Low9.3
52 Week HighN/A
52 Week LowN/A
CS1 End10.22
CR1 Start10.29
Volume & EV
DER(3)0.48%
DER(5)2.47%
Volume21.00K
Volume Incr57.36%
Vol(5)43.32K
Vol(50)101.17K