HENNESSY CAPITAL ACQUIS-CW25 (GOEVW)       0.3299  +0.03 (+11.72%)

0.3299  +0.03 (+11.72%)

Technical Rating

0

Taking everything into account, GOEVW scores 0 out of 10 in our technical rating. GOEVW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



In the last month GOEVW has a been trading in the 0.23 - 0.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
95% of all other stocks performed better in the past year than GOEVW.
GOEVW is currently trading near the lower end of its 52 week range, which is not a good sign. GOEVW is lagging the S&P500 Index which is trading in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 0.00% -45.92% -23.28% -88.97% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 5.11 0.2047 - 3.29
GOEVW Weekly chart
GOEVW Daily chart

Support/Resistance Analysis


0.27

0.34
We found 2 important support areas.
  • A support zone ranging from 0.29 to 0.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @0.27 from a trend line in the daily time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

GOEVW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.29, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

GOEVW Daily chart

HENNESSY CAPITAL ACQUIS-CW250.3299

NASDAQ:GOEVW (12/2/2022, 7:00:01 PM)+0.03 (+11.72%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today 11.72% 1 Week 10.33%
2 Weeks 15.75% 1 Month N/A
3 Month -45.92% 6 Month -23.28%
Volatility
ATR(14) 0.05 ATR(20)% 16.61%
ATR Inc 42.34% Range Today 0.06
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 5.11 Mansfield -6.05
10 Day High 0.34 10 Day Low 0.23
20 Day High 0.4 20 Day Low 0.23
52 Week High 3.29 52 Week Low 0.2
CS1 End 0.29 CR1 Start 0.34
Volume & EV
DER(3) -12.68% DER(5) -2.7%
Volume 95.10K Volume Incr -8.88%
Vol(5) 67.74K Vol(50) 69.77K

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