LEO HOLDINGS CORP II-CLASS A (LHC) Technical Analysis
NYSE:LHC • KYG5463R1020
Current stock price
LHC Technical Rating and Analysis
Taking everything into account, LHC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LHC is showing a nice and steady performance.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that LHC is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, LHC also shows a nice and consistent pattern of rising prices.
- LHC is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so LHC is leading the market.
- In the last month LHC has a been trading in the 10.98 - 11.89 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LHC Weekly and Daily overview Charts
LHC Setup Rating and Analysis
Although LHC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
LHC Support and Resistance Analysis
10.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.87 to 11.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.57 to 10.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
LHC 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 LHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LHC is up. |
| ChartMill Relative Strength | 86.93 | POSITIVE | LHC has a high relative strength, it outperformed 86.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 92.19 | OVERBOUGHT | The high RSI value suggests LHC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests LHC has a positive trend. |
| Stochastics (14,3) | 90.18 | OVERBOUGHT | The high Stochastics value suggests LHC may be overbought. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for LHC suggests low volalility. |
| Average Directional Index/ADX (14) | 47.29 | POSITIVE | The high ADX value value for LHC suggests a strong trend. |
LHC Chart- and CandleStick Pattern Analysis
LHC Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:LHC (11/16/2023, 8:04:00 PM)
11.87
+0.71 (+6.36%)
LEO HOLDINGS CORP II-CLASS A / LHC TA FAQ
Can you provide the ChartMill technical rating for LEO HOLDINGS CORP II-CLASS A?
ChartMill assigns a technical rating of 9 / 10 to LHC.
Can you provide the trend direction for LEO HOLDINGS CORP II-CLASS A?
The current trend direction for LEO HOLDINGS CORP II-CLASS A (LHC) is Bullish.
Can you provide the RSI signal for LEO HOLDINGS CORP II-CLASS A?
LEO HOLDINGS CORP II-CLASS A (LHC) has an RSI value of 92.1934. This indicates that the stock is currently overbought.
What is the short term momentum for LHC stock?
The short term momentum for LEO HOLDINGS CORP II-CLASS A (LHC) is positive.
What is the buy/sell signal for LEO HOLDINGS CORP II-CLASS A (LHC) stock?
The buy/sell signal for LEO HOLDINGS CORP II-CLASS A (LHC) is buy as both the short term and long term trends are positive.