Overall PONO gets a technical rating of 8 out of 10. In the last year, PONO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although PONO has an excellent technical rating, the quality of the presented setup is not ideal 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
9.79
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.39 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.19 from a horizontal line in the daily time frame.
- A support zone ranging from 9.89 to 9.99. 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 | NEUTRAL | NEUTRAL | The long term trend for PONO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PONO is neutral. |
| ChartMill Relative Strength | 85.76 | POSITIVE | PONO has a high relative strength, it outperformed 85.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PONO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PONO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PONO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.03 | NEUTRAL | The RSI value for PONO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests PONO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.04 | NEUTRAL | The Stochastics value for PONO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.49 | HIGH VOLATILITY | The high ATR as a percentage value for PONO suggests high volalility. |
| Average Directional Index/ADX (14) | 55.73 | POSITIVE | The high ADX value value for PONO suggests a strong trend. |
11.05
-4.7 (-29.84%)
PONO CAPITAL CORP-A / PONO FAQ
Can you provide the ChartMill technical rating for PONO CAPITAL CORP-A?
ChartMill assigns a technical rating of 7 / 10 to PONO.
What is the trend direction for PONO stock?
The current trend direction for PONO CAPITAL CORP-A (PONO) is Bearish.
Can you provide the RSI signal for PONO CAPITAL CORP-A?
PONO CAPITAL CORP-A (PONO) has an RSI value of 50.0338. This indicates that the stock is currently neutral.
What is the support and resistance level for PONO stock?
PONO CAPITAL CORP-A (PONO) has a support level at 10.55. Check the full technical report for our detailed analysis of PONO support and resistance levels.