NEWHOLD INVESTMENT CORP II-A (NHIC) Stock Technical Analysis
USA - NASDAQ:NHIC - US6514501088 - Common Stock
We assign a technical rating of 6 out of 10 to NHIC. Although NHIC is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
NHIC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.34, a Stop Loss order could be placed below this zone.
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10.00
When analyzing the support we notice one important area.
- A support zone ranging from 10.10 to 10.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.35 to 10.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NHIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NHIC is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | NHIC 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 NHIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NHIC is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 61.63 | NEUTRAL | The RSI value for NHIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NHIC has a negative trend. |
| Stochastics (14,3) | 61.6 | NEUTRAL | The Stochastics value for NHIC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for NHIC suggests low volalility. |
| Average Directional Index/ADX (14) | 41.1 | POSITIVE | The high ADX value value for NHIC suggests a strong 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 |
|---|---|---|---|
| 10.39 | 10.30 | 0.09 (0.87%) | 25.00% |
| An entry @10.39. This is a Buy Stop order right above the resistance zone. | An exit @10.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.87%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- 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.
10.35
+0.02 (+0.15%)
NEWHOLD INVESTMENT CORP II-A / NHIC FAQ
Can you provide the ChartMill technical rating for NEWHOLD INVESTMENT CORP II-A?
ChartMill assigns a technical rating of 6 / 10 to NHIC.
Can you provide the trend direction for NEWHOLD INVESTMENT CORP II-A?
The current trend direction for NEWHOLD INVESTMENT CORP II-A (NHIC) is Bullish.
What is the RSI signal for NEWHOLD INVESTMENT CORP II-A (NHIC) stock?
NEWHOLD INVESTMENT CORP II-A (NHIC) has an RSI value of 61.6337. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEWHOLD INVESTMENT CORP II-A?
The MACD indicator for NEWHOLD INVESTMENT CORP II-A (NHIC) has a value of -0.00319216, indicating a bearish trend.
What is the short term momentum for NEWHOLD INVESTMENT CORP II-A (NHIC) stock?
The short term momentum for NEWHOLD INVESTMENT CORP II-A (NHIC) is positive.