Taking everything into account, HONDU scores 6 out of 10 in our technical rating. Although HONDU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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.
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9.88
When analyzing the support we can see 4 important areas.
- 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.
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. |
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-1 (-4.55%)
HCM II ACQUISITION CORP / HONDU FAQ
Can you provide the ChartMill technical rating for HCM II ACQUISITION CORP?
ChartMill assigns a technical rating of 6 / 10 to HONDU.
What is the current trend direction of HCM II ACQUISITION CORP (HONDU) stock?
The current trend direction for HCM II ACQUISITION CORP (HONDU) is Bullish.
Can you provide the RSI signal for HCM II ACQUISITION CORP?
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 HCM II ACQUISITION CORP (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.