GORES HOLDING IX INC-CL A (GHIX) Technical Analysis
NASDAQ:GHIX • US38287A1016
Current stock price
GHIX Technical Rating and Analysis
Taking everything into account, GHIX scores 0 out of 10 in our technical rating. GHIX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 72% of all other stocks performed better in the past year than GHIX.
- GHIX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month GHIX has a been trading in a tight range between 10.12 and 10.60.
- Volume is considerably higher in the last couple of days.
GHIX Weekly and Daily overview Charts
GHIX Setup Rating and Analysis
The technical rating of GHIX is bad and it also does not present a quality setup 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
GHIX Support and Resistance Analysis
10.01
We found 1 important support area.
- A support zone ranging from 10.11 to 10.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.37 to 10.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.95 to 10.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
GHIX 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 | DOWN | NEGATIVE | The long term trend for GHIX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GHIX is down. |
| ChartMill Relative Strength | 28.01 | NEGATIVE | GHIX has a low relative strength, it was outperformed by 71.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GHIX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GHIX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GHIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 18.84 | OVERSOLD | The low RSI value suggests GHIX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests GHIX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.05 | OVERSOLD | The low Stochastics value suggests GHIX may be oversold. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for GHIX suggests low volalility. |
| Average Directional Index/ADX (14) | 43.81 | POSITIVE | The high ADX value value for GHIX suggests a strong trend. |
GHIX Chart- and CandleStick Pattern Analysis
GHIX Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:GHIX (12/4/2024, 8:00:00 PM)
10.18
+0.02 (+0.2%)
GORES HOLDING IX INC-CL A / GHIX TA FAQ
What is the technical rating for GHIX stock?
ChartMill assigns a technical rating of 0 / 10 to GHIX.
What is the trend direction for GHIX stock?
The current trend direction for GORES HOLDING IX INC-CL A (GHIX) is Bearish.
Can you provide the RSI signal for GORES HOLDING IX INC-CL A?
GORES HOLDING IX INC-CL A (GHIX) has an RSI value of 18.8445. This indicates that the stock is currently oversold.
What is the MACD signal for GORES HOLDING IX INC-CL A (GHIX) stock?
The MACD indicator for GORES HOLDING IX INC-CL A (GHIX) has a value of -0.0472201, indicating a bearish trend.
What is the short term momentum for GHIX stock?
The short term momentum for GORES HOLDING IX INC-CL A (GHIX) is negative.