DIGITAL HEALTH ACQUISTION CO (DHAC) Technical Analysis
NASDAQ:DHAC • US2538931013
Current stock price
DHAC Technical Rating and Analysis
Taking everything into account, DHAC scores 2 out of 10 in our technical rating. DHAC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- DHAC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month DHAC has a been trading in the 11.22 - 33.08 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, DHAC turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- Considerably lower volume is observed in the last couple of days.
DHAC Weekly and Daily overview Charts
DHAC Setup Rating and Analysis
Although the technical rating is bad, DHAC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 11.99, a Stop Loss order could be placed below this zone.
More info and screens
DHAC Support and Resistance Analysis
11.34
We found 2 important support areas.
- Support @11.99 from a horizontal line in the daily time frame.
- A support zone ranging from 11.45 to 11.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
DHAC 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 | NEUTRAL | NEUTRAL | The long term trend for DHAC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DHAC is neutral. |
| ChartMill Relative Strength | 68.69 | NEUTRAL | DHAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DHAC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DHAC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DHAC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.06 | NEUTRAL | The RSI value for DHAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests DHAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.64 | OVERSOLD | The low Stochastics value suggests DHAC may be oversold. |
| Average True Range in percent/ATR (20) | 34.58 | HIGH VOLATILITY | The high ATR as a percentage value for DHAC suggests high volalility. |
| Average Directional Index/ADX (14) | 48.2 | POSITIVE | The high ADX value value for DHAC suggests a strong trend. |
DHAC Chart- and CandleStick Pattern Analysis
DHAC Technicals: Chart, Performance Metrics, Trend & Indicators
12.1099
+0.54 (+4.69%)
DIGITAL HEALTH ACQUISTION CO / DHAC TA FAQ
What is the ChartMill technical rating of DIGITAL HEALTH ACQUISTION CO (DHAC) stock?
ChartMill assigns a technical rating of 2 / 10 to DHAC.
Can you provide the trend direction for DIGITAL HEALTH ACQUISTION CO?
The current trend direction for DIGITAL HEALTH ACQUISTION CO (DHAC) is Bearish.
What is the RSI signal for DIGITAL HEALTH ACQUISTION CO (DHAC) stock?
DIGITAL HEALTH ACQUISTION CO (DHAC) has an RSI value of 41.055. This indicates that the stock is currently neutral.
What is the MACD signal for DIGITAL HEALTH ACQUISTION CO (DHAC) stock?
The MACD indicator for DIGITAL HEALTH ACQUISTION CO (DHAC) has a value of -0.637717, indicating a bearish trend.
What is the support and resistance level for DHAC stock?
DIGITAL HEALTH ACQUISTION CO (DHAC) has a support level at 11.99. Check the full technical report for our detailed analysis of DHAC support and resistance levels.