HCM ACQUISITION CORP-A (HCMA) Stock Technical Analysis
NASDAQ:HCMA - KYG4365A1013 - Common Stock
14.5 USD
+0.82 (+5.99%)
Taking everything into account, HCMA scores 9 out of 10 in our technical rating. HCMA has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, HCMA did better than 90% of all other stocks.
HCMA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HCMA is lagging the market slightly.
In the last month HCMA has a been trading in the 3.60 - 16.28 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HCMA has an excellent technical rating, it does not present a decent entry opportunity 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
14.36
14.65
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 HCMA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HCMA is up. |
| ChartMill Relative Strength | 90.04 | POSITIVE | HCMA has a high relative strength, it outperformed 90.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HCMA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HCMA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HCMA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.66 | NEUTRAL | The RSI value for HCMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests HCMA has a positive trend. |
| Stochastics (14,3) | 73.82 | NEUTRAL | The Stochastics value for HCMA is a neutral value. |
| Average True Range in percent/ATR (20) | 14.64 | HIGH VOLATILITY | The high ATR as a percentage value for HCMA suggests high volalility. |
| Average Directional Index/ADX (14) | 40.28 | POSITIVE | The high ADX value value for HCMA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:HCMA (3/20/2024, 8:23:27 PM)
14.5
+0.82 (+5.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.99%
1 Week41.05%
2 Weeks93.59%
1 Month29%
3 Month30.51%
6 Month35.39%
12 Month43%
2 Year45.44%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.66
ATR(20)%14.64%
ATR Inc14.8%
Range Today2.44
ADR(20)2.03
ADR(20)%13.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.04
Mansfield1.5
10 Day High16.28
10 Day Low6.11
20 Day High16.28
20 Day Low3.6
52 Week High16.28
52 Week Low3.6
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-11.38%
DER(5)-7.6%
Volume5.10K
Volume Incr-84.07%
Vol(5)18.68K
Vol(50)67.39K