CHENGHE ACQUISITION II CO (CHEB) Stock Technical Analysis
NYSEARCA:CHEB - KYG208731086 - Common Stock
10.55 USD
-0.4 (-3.65%)
10.55 USD
0 (0%)
Taking everything into account, CHEB scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CHEB is a bad performer.
100% of all other stocks performed better in the past year than CHEB.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month CHEB has a been trading in the 7.50 - 11.72 range, which is quite wide. It is currently trading near the high of this range.
CHEB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHEB is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CHEB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
7.65
11.55
2 important support areas can be observed.
- 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.
When analyzing the resistance we notice 3 important 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. |
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)
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%. | For a 1.00% total portfolio risk, you can invest 12.29% of your capital in this trade. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.65%
1 Week-1.4%
2 Weeks38.82%
1 Month1.69%
3 Month0.96%
6 Month4.15%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.21
ATR(20)%11.09%
ATR Inc-8.02%
Range Today1.28
ADR(20)1.06
ADR(20)%10.09%
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 High11.43
10 Day Low7.71
20 Day High11.72
20 Day Low7.5
52 Week High14.31
52 Week Low6.09
CS1 End9.81
CR1 Start10.56
Volume & EV
DER(3)-1.81%
DER(5)-0.61%
Volume74.30K
Volume Incr8.93%
Vol(5)21.28K
Vol(50)55.48K