HH&L ACQUISITION CO -CLASS A (HHLA) Stock Technical Analysis
NYSE:HHLA - New York Stock Exchange, Inc. - KYG397141030 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to HHLA. Although HHLA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
When compared to the yearly performance of all other stocks, HHLA outperforms 52% of them, which is more or less in line with the market.
HHLA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HHLA is lagging the market.
In the last month HHLA has a been trading in a tight range between 10.74 and 10.90.
Volume is considerably higher in the last couple of days.
HHLA has an average technical rating and it also does not offer a high 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
9.56
10.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.37 to 10.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.66 to 9.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.76 to 10.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 HHLA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HHLA is up. |
| ChartMill Relative Strength | 52.03 | NEUTRAL | HHLA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HHLA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HHLA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HHLA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.31 | NEUTRAL | The RSI value for HHLA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HHLA has a negative trend. |
| Stochastics (14,3) | 14.13 | OVERSOLD | The low Stochastics value suggests HHLA may be oversold. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for HHLA suggests low volalility. |
| Average Directional Index/ADX (14) | 55.99 | POSITIVE | The high ADX value value for HHLA 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)
NYSE:HHLA (2/9/2024, 8:04:00 PM)
10.75
-0.03 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.23%
1 Week-0.23%
2 Weeks-0.28%
1 Month-0.09%
3 Month1.08%
6 Month1.61%
12 Month5.7%
2 Year10.26%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%0.21%
ATR Inc22.22%
Range Today0
ADR(20)0.02
ADR(20)%0.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.03
Mansfield-1.14
10 Day High10.79
10 Day Low10.75
20 Day High10.9
20 Day Low10.74
52 Week High11.3
52 Week Low10.17
CS1 End10.73
CR1 Start10.76
Volume & EV
DER(3)-0.51%
DER(5)-0.31%
Volume3.30K
Volume Incr196.13%
Vol(5)257.66K
Vol(50)74.47K