HCM II ACQUISITION CORP (HONDU) Technical Analysis
NASDAQ:HONDU • KYG436581147
Current stock price
HONDU Technical Rating and Analysis
Overall HONDU gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, HONDU is a bad performer.
- When comparing the yearly performance of all stocks, HONDU is a bad performer in the overall market: 100% of all stocks are doing better.
- In the last month HONDU has a been trading in the 18.00 - 38.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: HONDU has an average volume of 2204 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- 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.
HONDU Weekly and Daily overview Charts
HONDU Setup Rating and Analysis
HONDU 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
HONDU Support and Resistance Analysis
9.88
4 important support areas can be observed.
- A support zone ranging from 20.82 to 20.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.00 from a horizontal line in the daily time frame.
- Support @12.48 from a trend line in the daily time frame.
- A support zone ranging from 9.98 to 10.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
HONDU 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 HONDU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HONDU is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | HONDU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HONDU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HONDU is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 47.79 | NEUTRAL | The RSI value for HONDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.14 | NEGATIVE | The MACD value suggests HONDU has a negative trend. |
| Stochastics (14,3) | 7.41 | OVERSOLD | The low Stochastics value suggests HONDU may be oversold. |
| Average True Range in percent/ATR (20) | 18.55 | HIGH VOLATILITY | The high ATR as a percentage value for HONDU suggests high volalility. |
| Average Directional Index/ADX (14) | 38.32 | POSITIVE | The high ADX value value for HONDU suggests a strong trend. |
HONDU Chart- and CandleStick Pattern Analysis
HONDU Technicals: Chart, Performance Metrics, Trend & Indicators
21
-1 (-4.55%)
HCM II ACQUISITION CORP / HONDU TA FAQ
Can you provide the ChartMill technical rating for HCM II ACQUISITION CORP?
ChartMill assigns a technical rating of 6 / 10 to HONDU.
Can you provide the trend direction for HCM II ACQUISITION CORP?
The current trend direction for HCM II ACQUISITION CORP (HONDU) is Bullish.
What is the RSI signal for HONDU stock?
HCM II ACQUISITION CORP (HONDU) has an RSI value of 47.7882. This indicates that the stock is currently neutral.
What is the short term momentum for HONDU stock?
The short term momentum for HCM II ACQUISITION CORP (HONDU) is neutral.
What is the support and resistance level for HONDU stock?
HCM II ACQUISITION CORP (HONDU) has a support level at 20.99. Check the full technical report for our detailed analysis of HONDU support and resistance levels.