We assign a technical rating of 9 out of 10 to HOND. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HOND is showing a nice and steady performance.
HOND has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
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10.40
We found 4 important support 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.
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. |
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.