USHG ACQUISITION CORP-A (HUGS) Stock Technical Analysis
NYSE:HUGS - New York Stock Exchange, Inc. - US91748P1003 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to HUGS. Although HUGS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
When comparing the performance of all stocks over the past year, HUGS turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
HUGS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HUGS is lagging the market.
In the last month HUGS has a been trading in a tight range between 10.02 and 10.09.
Considerably lower volume is observed in the last couple of days.
Although HUGS has an excellent technical rating, it 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
9.55
10.57
We found 1 important support area.
- A support zone ranging from 9.65 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.06 to 10.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.43 to 10.47. This zone is formed by a combination of multiple trend lines in the weekly 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 HUGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HUGS is up. |
| ChartMill Relative Strength | 64.48 | NEUTRAL | HUGS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HUGS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HUGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HUGS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.94 | NEUTRAL | The RSI value for HUGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HUGS has a negative trend. |
| Stochastics (14,3) | 26.67 | NEUTRAL | The Stochastics value for HUGS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.17 | LOW VOLATILITY | The low ATR as a percentage value for HUGS suggests low volalility. |
| Average Directional Index/ADX (14) | 55.29 | POSITIVE | The high ADX value value for HUGS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:HUGS (12/27/2022, 8:04:01 PM)
10.05
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.3%
2 Weeks-0.1%
1 Month0.3%
3 Month2.03%
6 Month2.45%
12 Month-3.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.17%
ATR Inc49.57%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.48
Mansfield0.7
10 Day High10.09
10 Day Low10.04
20 Day High10.09
20 Day Low10.02
52 Week High10.51
52 Week Low9.79
CS1 End9.99
CR1 Start10.06
Volume & EV
DER(3)2.85%
DER(5)1.5%
Volume54.60K
Volume Incr-84.26%
Vol(5)53.68K
Vol(50)197.72K