HCM II ACQUISITION CORP-CL A (HOND) Technical Analysis
NASDAQ:HOND • KYG436581063
Current stock price
HOND Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to HOND. Both in the recent history as in the last year, HOND has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month HOND has a been trading in the 15.83 - 31.50 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, HOND did better than 95% of all other stocks.
- HOND has an average volume of 2232220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HOND is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HOND is lagging the market.
HOND Weekly and Daily overview Charts
HOND Setup Rating and Analysis
Besides having an excellent technical rating, HOND also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
HOND Support and Resistance Analysis
10.40
When analyzing the support we can see 4 important areas.
- Support @17.42 from a horizontal line in the daily time frame.
- Support @11.27 from a trend line in the daily time frame.
- A support zone ranging from 10.80 to 10.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.05 to 18.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
HOND 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 | UP | POSITIVE | The long term trend for HOND is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HOND is neutral. |
| ChartMill Relative Strength | 95.3 | POSITIVE | HOND has a high relative strength, it outperformed 95.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HOND is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOND is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HOND is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.73 | NEUTRAL | The RSI value for HOND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests HOND has a negative trend. |
| Stochastics (14,3) | 17.64 | OVERSOLD | The low Stochastics value suggests HOND may be oversold. |
| Average True Range in percent/ATR (20) | 18.17 | HIGH VOLATILITY | The high ATR as a percentage value for HOND suggests high volalility. |
| Average Directional Index/ADX (14) | 50.86 | POSITIVE | The high ADX value value for HOND suggests a strong trend. |
HOND Chart- and CandleStick Pattern Analysis
HOND Technicals: Chart, Performance Metrics, Trend & Indicators
18.04
+0.15 (+0.87%)
HCM II ACQUISITION CORP-CL A / HOND TA FAQ
What is the technical rating for HOND stock?
ChartMill assigns a technical rating of 9 / 10 to HOND.
Can you provide the trend direction for HCM II ACQUISITION CORP-CL A?
The current trend direction for HCM II ACQUISITION CORP-CL A (HOND) is Bullish.
Can you provide the RSI signal for HCM II ACQUISITION CORP-CL A?
HCM II ACQUISITION CORP-CL A (HOND) has an RSI value of 48.7285. This indicates that the stock is currently neutral.
What is the short term momentum for HOND stock?
The short term momentum for HCM II ACQUISITION CORP-CL A (HOND) is neutral.
What is the support and resistance level for HOND stock?
HCM II ACQUISITION CORP-CL A (HOND) has a support level at 17.42 and a resistance level at 18.05. Check the full technical report for our detailed analysis of HOND support and resistance levels.