HCM II ACQUISITION CORP-CL A (HOND) Stock Technical Analysis
USA - NASDAQ:HOND - KYG436581063 - Common Stock
Taking everything into account, HOND scores 9 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, HOND also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
10.40
4 important support areas can be observed.
- 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.
We found 1 important resistance 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.
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 | 95.13 | POSITIVE | HOND has a high relative strength, it outperformed 95.13% 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. |
18.04
+0.15 (+0.87%)
HCM II ACQUISITION CORP-CL A / HOND FAQ
What is the technical rating for HOND stock?
ChartMill assigns a technical rating of 9 / 10 to HOND.
What is the current trend direction of HCM II ACQUISITION CORP-CL A (HOND) stock?
The current trend direction for HCM II ACQUISITION CORP-CL A (HOND) is Bullish.
What is the RSI signal for HCM II ACQUISITION CORP-CL A (HOND) stock?
HCM II ACQUISITION CORP-CL A (HOND) has an RSI value of 48.7285. This indicates that the stock is currently neutral.
What are the support and resistance levels for HCM II ACQUISITION CORP-CL A (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.