AURORA TECHNOLOGY ACQUIS -28 (DHAIW) Stock Technical Analysis
NASDAQ:DHAIW - Nasdaq - - Currency: USD
Overall DHAIW gets a technical rating of 5 out of 10. DHAIW has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, DHAIW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.02, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for DHAIW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DHAIW is neutral. |
| ChartMill Relative Strength | 15.95 | NEGATIVE | DHAIW has a low relative strength, it was outperformed by 84.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DHAIW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DHAIW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DHAIW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.56 | NEUTRAL | The RSI value for DHAIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DHAIW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.4 | NEUTRAL | The Stochastics value for DHAIW is a neutral value. |
| Average True Range in percent/ATR (20) | 36.23 | HIGH VOLATILITY | The high ATR as a percentage value for DHAIW suggests high volalility. |
| Average Directional Index/ADX (14) | 33.27 | POSITIVE | The high ADX value value for DHAIW suggests a strong trend. |
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