Gores Holdings IV Inc Cl A (GHIV) Technical Analysis
NASDAQ:GHIV
We assign a technical rating of 6 out of 10 to GHIV. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GHIV is a bad performer.
- 100% of all other stocks performed better in the past year than GHIV.
- In the last month GHIV has a been trading in the 10.85 - 14.38 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- GHIV has an average volume of 4999790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GHIV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GHIV is lagging the market.
GHIV has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.79
We found 3 important support areas.
- A support zone ranging from 11.24 to 11.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.26 from a horizontal line in the daily time frame.
- A support zone ranging from 9.89 to 9.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @12.91 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 GHIV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GHIV is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | GHIV has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GHIV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GHIV is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 43.36 | NEUTRAL | The RSI value for GHIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GHIV has a negative trend. |
| Stochastics (14,3) | 19.78 | OVERSOLD | The low Stochastics value suggests GHIV may be oversold. |
| Average True Range in percent/ATR (20) | 7.72 | HIGH VOLATILITY | The high ATR as a percentage value for GHIV suggests high volalility. |
GHIV Technicals: Chart, Performance Metrics, Trend & Indicators
11.54
-0.16 (-1.37%)
Gores Holdings IV Inc Cl A / GHIV FAQ
Can you provide the ChartMill technical rating for Gores Holdings IV Inc Cl A?
ChartMill assigns a technical rating of 6 / 10 to GHIV.
Can you provide the trend direction for Gores Holdings IV Inc Cl A?
The current trend direction for Gores Holdings IV Inc Cl A (GHIV) is Bullish.
Can you provide the RSI signal for Gores Holdings IV Inc Cl A?
Gores Holdings IV Inc Cl A (GHIV) has an RSI value of 43.3641. This indicates that the stock is currently neutral.
What is the short term momentum for Gores Holdings IV Inc Cl A (GHIV) stock?
The short term momentum for Gores Holdings IV Inc Cl A (GHIV) is neutral.
What are the support and resistance levels for Gores Holdings IV Inc Cl A (GHIV) stock?
Gores Holdings IV Inc Cl A (GHIV) has a support level at 11.44 and a resistance level at 12.91. Check the full technical report for our detailed analysis of GHIV support and resistance levels.