HCM II ACQUISITION CORP - 29 (HONDW) Stock Technical Analysis
NASDAQ:HONDW -
Taking everything into account, HONDW scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, HONDW is a bad performer.
Although the technical rating is only medium, HONDW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.61. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for HONDW in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.21
When analyzing the support we can see 2 important areas.
- Support @2.40 from a horizontal line in the daily time frame.
- Support @2.23 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.61 to 2.65. 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 HONDW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HONDW is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | HONDW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HONDW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HONDW is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.27 | NEUTRAL | The RSI value for HONDW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HONDW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.4 | NEUTRAL | The Stochastics value for HONDW is a neutral value. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for HONDW suggests high volalility. |
| Average Directional Index/ADX (14) | 19.4 | NEGATIVE | The low ADX value for HONDW suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.66 | 2.39 | 0.27 (10.15%) | 9.85% |
| An entry @2.66. This is a Buy Stop order right above the resistance zone. | An exit @2.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.27 points, which is 10.15%. | When investing 9.85% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:HONDW (9/10/2025, 8:00:01 PM)
2.5629
+0.15 (+6.34%)