Taking everything into account, CHEB scores 6 out of 10 in our technical rating. Although CHEB is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CHEB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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7.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.72 to 9.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.73 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @10.56 from a horizontal line in the weekly time frame.
- Resistance @11.25 from a horizontal line in the daily time frame.
- Resistance @11.44 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 | UP | POSITIVE | The long term trend for CHEB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHEB is up. |
| 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) | UP | POSITIVE | The current price of CHEB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CHEB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHEB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.74 | NEUTRAL | The RSI value for CHEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CHEB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81 | OVERBOUGHT | The high Stochastics value suggests CHEB may be overbought. |
| Average True Range in percent/ATR (20) | 11.09 | HIGH VOLATILITY | The high ATR as a percentage value for CHEB suggests high volalility. |
| Average Directional Index/ADX (14) | 35.98 | POSITIVE | The high ADX value value for CHEB suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.57 | 9.71 | 0.86 (8.14%) | 12.29% |
| An entry @10.57. This is a Buy Stop order right above the resistance zone. | An exit @9.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.86 points, which is 8.14%. | When investing 12.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CHEB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.55
-0.4 (-3.65%)
CHENGHE ACQUISITION II CO / CHEB FAQ
Can you provide the ChartMill technical rating for CHENGHE ACQUISITION II CO?
ChartMill assigns a technical rating of 6 / 10 to CHEB.
What is the current trend direction of CHENGHE ACQUISITION II CO (CHEB) stock?
The current trend direction for CHENGHE ACQUISITION II CO (CHEB) is Bullish.
What is the RSI signal for CHEB stock?
CHENGHE ACQUISITION II CO (CHEB) has an RSI value of 53.7374. This indicates that the stock is currently neutral.
What is the MACD signal for CHENGHE ACQUISITION II CO (CHEB) stock?
The MACD indicator for CHENGHE ACQUISITION II CO (CHEB) has a value of 0.0802873, indicating a bearish trend.
What is the buy/sell signal for CHENGHE ACQUISITION II CO (CHEB) stock?
The buy/sell signal for CHENGHE ACQUISITION II CO (CHEB) is buy as both the short term and long term trends are positive.