GAMING & HOSPITALITY ACQUI-A (GHAC) Technical Analysis
NASDAQ:GHAC • US3646811063
Current stock price
GHAC Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to GHAC. Both in the recent history as in the last year, GHAC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that GHAC is one of the better performing stocks in the market, outperforming 78% of all stocks.
- GHAC is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GHAC is leading the market.
- In the last month GHAC has a been trading in a tight range between 9.95 and 10.08.
- Volume is considerably higher in the last couple of days.
GHAC Weekly and Daily overview Charts
GHAC Setup Rating and Analysis
GHAC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.06, a Stop Loss order could be placed below this zone.
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GHAC Support and Resistance Analysis
9.57
We found 1 important support area.
- A support zone ranging from 9.67 to 10.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.07 to 10.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
GHAC 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 | UP | POSITIVE | The long term trend for GHAC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GHAC is up. |
| ChartMill Relative Strength | 78.84 | POSITIVE | GHAC has a high relative strength, it outperformed 78.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GHAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GHAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GHAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.66 | NEUTRAL | The RSI value for GHAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GHAC has a negative trend. |
| Stochastics (14,3) | 72.53 | NEUTRAL | The Stochastics value for GHAC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for GHAC suggests low volalility. |
| Average Directional Index/ADX (14) | 44.47 | POSITIVE | The high ADX value value for GHAC suggests a strong trend. |
GHAC Chart- and CandleStick Pattern Analysis
GHAC Example Setup
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 |
|---|---|---|---|
| 10.10 | 10.03 | 0.07 (0.69%) | 25.00% |
| An entry @10.10. This is a Buy Stop order right above the resistance zone. | An exit @10.03. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- 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.
GHAC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:GHAC (12/14/2022, 8:00:01 PM)
10.065
+0 (+0.05%)
GAMING & HOSPITALITY ACQUI-A / GHAC TA FAQ
Can you provide the ChartMill technical rating for GAMING & HOSPITALITY ACQUI-A?
ChartMill assigns a technical rating of 8 / 10 to GHAC.
What is the trend direction for GHAC stock?
The current trend direction for GAMING & HOSPITALITY ACQUI-A (GHAC) is Bullish.
What is the RSI signal for GHAC stock?
GAMING & HOSPITALITY ACQUI-A (GHAC) has an RSI value of 66.6607. This indicates that the stock is currently neutral.
What is the buy/sell signal for GHAC stock?
The buy/sell signal for GAMING & HOSPITALITY ACQUI-A (GHAC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for GAMING & HOSPITALITY ACQUI-A (GHAC) stock?
GAMING & HOSPITALITY ACQUI-A (GHAC) has a support level at 10.06 and a resistance level at 10.07. Check the full technical report for our detailed analysis of GHAC support and resistance levels.